This seems like circular logic. The credit card & transaction companies incentivize you to buy more & take a cut every time while attempting to raise the # of cuts they take. Like OP I bet you'd save even more when using cash as you'd buy less.
He somewhat tries to wrap inflation into one theory which isn't necessary but it shows many of the base factors in where value goes & new money creation.
This seems like circular logic. The credit card & transaction companies incentivize you to buy more & take a cut every time while attempting to raise the # of cuts they take. Like OP I bet you'd save even more when using cash as you'd buy less.