If money, being the most marketable commodity of any society that qualifies as a medium of exchange, can have a greater or lesser quantity without affecting negatively affecting price levels (in that a miser hording gold makes prices lower because less money is used overall, and adding money to an economy gradually inflates prices and consequently increases wages), how exactly does an economy become bad?
It seems that the standard definition of a bad economy seems to be high prices and low wages. Am I viewing this correctly? If so, how exactly do wages lower while prices rise? This level of inflation seems to me to only occur with artificial influence, perhaps with the printing of money for instance, but take goldmining: they are adding money to the economy, so could this be perceived to be money injected into an economy at a natural rate vs. the inflation caused by printing money?
In essence, how is goldmining different from printing money in the sense of inflated prices resulting?