Subjective Inflation Principle

Free market price inflation is entirely the consequence of personal preferences, and therefore not derivable from anything else.

• Goods prices are determined subjectively. (Subjective Theory of Value)
• Time preference determines expansion of credit on money. (Time Preference Axiom)
• Creating money is not price inflationary. (Inflation Principle)

This could be more simply obtained from the definition of free market, as entirely the consequence of personal preferences.