I partially agree with you, you have reasonable points. However, there are some things I disagree with.

All those extra services, resources, stress on utilities causes inflation.

If you have more things to pay for - that "eat" some inflation. I suspect that many modern useless services popping up here and there have the same purpose - to consume excess money in economy.

I agree with "stress on utilities" point, that's undeniable.

increased costs back to the fans.

Many of that extra services have absolutely nothing to do with real things, so they could not, at least directly, participate in price formation for most consumables.

That services like new separate circles for money. Hipster creating landing pages for equity coaching courses then pay his earnings to fashion adviser who attend equity coaching courses. Nothing in such circle have anything to do with normal money circles.

I partially agree with you, you have reasonable points. However, there are some things I disagree with.

All those extra services, resources, stress on utilities causes inflation.

If you have more things to pay for - that "eat" some inflation. I suspect that many modern useless services popping up here and there have the same purpose - to consume excess money in economy.

I agree with "stress on utilities" point, that's undeniable.

increased costs back to the fans.

Many of that extra services have absolutely nothing to do with real things, so they could not, at least directly, participate in price formation for most consumables.

That services like new separate circles for money. Hipster creating landing pages for equity coaching courses then pay his earnings to fashion advicer who attend equity coaching courses. Nothing in such circle have anything to do with normal money circles.