Difference between UBI and inflation in this system?

[spengrah]

I must be missing something: if new tokens are printed every minute out of thin air, how is that not equivalent to inflation?

[edzillion]

Very late reply, apologies.

I must be missing something: if new tokens are printed every minute out of thin air, how is that not equivalent to inflation?

Inflation is a complex topic, but one very simplistic reason why there isn't guaranteed to be inflation in Circles is: if the amount of products on the market grows at the same rate as the amount of coins being used in the system then there should be no price inflation.