“The fundamental problem being that orthodox economics only thinks of inflation being caused by too much money. “
Precisely. And that orthodoxy exposes the fact that “free” market theoretics isn’t free at all. Why? Because in the human universe there is no such thing as TOTAL freedom, only freedom within known and enforceable barriers. Why? Because there’s this little thing called ethics. Its why you can’t walk into a theater and yell “FIRE!” Libertarians believe in TOTAL freedom and most other economic theorists (and even Steve Keen and Michael Hudson) have not cognited on this flawed theoretical framework let alone found a way to remedy the flaw.
“Free” market theory has no actual barriers to inflation and so is actually the absence of barriers AKA the unstable state of chaos. Put that together with the present monetary paradigm concept ENFORCED for the creation and distribution of all new money which is Debt Only and is it any surprise that Finance rules…and is the only business model to survive almost unscathed…from crises they originate?
The solution? The new monetary paradigm of Strategic Monetary Gifting implemented by a 50% Discount/Rebate policy at retail sale…and the rest of the freeing policy program that actually increases agent freedom and economic abundance by establishing known and enforcable barriers…within which freedom can actually be established.