Alan Hard assets like land etc tend to have high prices due to limited supply and large demand.
Exactly Alan, value comes from scarcity. Thanks to Nature, for example, there is an ample supply of oxygen in the air that we breathe so it does not have a price.
The amount of money in circulation should be dependent on the number of completed voluntary exchanges that have taken place. There would then be no inflation. Unfortunately, because money is man made, the possibility exists for money to be produced independent of any exchanges which has resulted in money being seen, and treated, as a wholly independent thing with a supply and demand curve all of its own. This assumption is completely divorced from reality. Consequently credit which enables loans, comprised of new money, to be issued is economic unrealism at its worst as these loans are based on nothing.