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So fluctuations in currency value definitely are more complex, but money supply increase is the only thing I know of that would lead to a basically monotonic decrease in the value of the currency, which is what we observe. Can you provide any other examples?

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I was wondering why you were conflating deficit spending with increasing the money supply, then realized it was the comment that I had replied to that did that. I was focusing on the assertion that there’s some clear, simple link between deficit spending and inflation even though the empirical evidence suggests otherwise.

A monotonical decrease on the supply of stuff, like what we've had with oil.

The supply of stuff (per capita) has monotonically decreased since the early 1900s? That doesn't seem to align with reality...

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