What is the cause of inflation? Why will prices drop in a completely free market?

Twelve Visions Party’s Statement: …Inflation is due to regulations, over spending, a massive budget for social good programs and pumping unbacked currency into the economy. Prices drop in a free market because competition and quality will rise. All businesses will be free to compete freely and pursue profits and reinvest in themselves to bring better value at lower prices.

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May 2024
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