Steve's barking at too few goods

 Every school boy from my generation knows that inflation is caused by too much money chasing too few goods. This is an equation, for those who are too lazy to look at the whole equation it means that there is a lack of goods for the amount of money in circulation.
I understand that for some out there this is a hard equation to follow. I'm going to make it even harder for you to follow. If for instants a farmer can't make money from selling his produce, he will plant less by buying less seed or even perhaps he would go out of business altogether. Now my way of thinking, this will cause inflation in the price of food. This can happen in other markets as well.
Lets take my home town NYC. Now lets assume there is a high paying job explosion. People who aren't from New York will come and be willing to pay higher prices for apartments, forcing those who can't afford those rents to go to less desirable places and this go on forcing those displaced to look for less desirable places. Now not everyone will agree with me but until new housing stock is built you have rent inflation. Now rent inflation might not be such a bad idea because more housing stock could very easily be build. There is no unfortunate problem with this scenario, because of the rent inflation, those who need the new rentals probably can't afford them, it might even cause the builders to go into bankruptcy.
Now lets go to the first part of the equation, too much money. Can there ever be too much money? There are things you can do with the excess money, such as invest it or even save it. There is nothing you can do if there are too few goods or services.

Now to get around to my way of thinking if money is printed when goods and services are plentiful,don't mean a thing ( like if you don't have that swing). But if goods and services are few you might have too print the money just to keep up with inflation.