>>WANTING to own a product is NOT demand.>>
Wanting and Demand are not the same? “I demand you give me that because I don’t want it.”
Economics generally hates this situation — where demand and consumption are not the same thing. Economics fundamentally objects to scarcity of any kind. In their world, there is always enough of something.
Regardless, the price of things is determined by the imagination of counterparties. A seller can declare his price, but if no one buys, that is not the price. A seller can also declare a price when he has no product on the shelf. That won’t be the price then, either, regardless of money supply.
The point was no one knows what induces inflation. It is caused by counterparties having imaginations that align, but that says nothing about what induces the imaginations.
Milton Friedman on what causes inflation:
https://miltonfriedman.hoover.org/internal/media/dispatcher/271092/full
Von Mises discussion:
https://mises.org/power-market/very-short-primer-what-causes-inflation
That is what I've been trying to explain--"Wanting" and "Demand" are NOT the same--economically speaking. Please go look it up.
Demand has requirements for it to be considered demand.