Inflation comes in many forms

Here’s a really simple definition of inflation in economics:

Inflation is the rate at which the general level of prices for goods and services is rising and, consequently, the purchasing power of currency is falling.

The rate at which prices go up and purchasing power may, as a consequence, fall.

Inflation is a fundemental concept in the world of economics. It’s also a fundemental concept in human psyche and phsychology. As people we feel the need to inflate things:

Our self worth.

Our achievements.

Our possessions.

The result of the desperate need to inflate these things is a decline of the psyche of others. The more you inflate, the less worthy people around you might feel.

Sometimes people do this intentionally by telling lies. Sometimes people have succeeded and don’t know how to be humble and as a result they inflate themselves and deflate you.

There is a balance between achievement and inflation.

When that balance is reached you aren’t lowering the value of those around you. You are helping them grow their own achievements and worth.