Since Ethereum's monumental transition from Proof-of-Work to Proof-of-Stake, its supply dynamics have been nothing short of a roller coaster ride. Oscillating between inflationary and deflationary states, these shifts have profound implications for Ethereum and its stakeholders. A deflationary asset, by nature, can increase in value over time due to scarcity... But what could prolonged deflation mean for Ethereum's velocity and utility? And how does a consistently inflationary supply affect the network's economic security and sustainability? Dive into the intricate interplay of technical upgrades, economic incentives, and market forces...