> potential value comes from the future
In a strictly commercial sense yes but stock markets decoupled from that long ago. Whether it’s wallstreetbets up to shenanigans or a market crash it’s got little to do with actual future and more With sentiments. You’d hope it would revert to fundamentals eventually but markets sure seem happy to not do that
Sentiments about what ?
What is "actual future" ? Obviously we can only have feelings for it, not knowledge, right ?
The money actually has to be spent on real goods for which supply is inelastic for this to happen. If it's instead saved or used to pay taxes it won't cause any inflation.
I suppose the increased savings means there more potential for the private sector to cause inflation if everyone decides to dissave at once, but that's sorta a last resort.
You can keep inflating imaginary piles of money until someone tries to grab too much of it... Add in loaning against the valuations and you can keep doing it even longer...
If you just print money and nothing else, it inflates and becomes worthless affecting all involved.
If the money turns into technical progress or products then the entire economy grows.