STEEM will eventually settle at an annual inflation rate of 1% (about 10 years from now) so unless the community decides otherwise there will always be new STEEM being create. The idea of a "limited supply" in this case, is that the supply is "limited" to a set of rules that cannot be changed without complete network consensus.
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Thanks Dan. I will keep watching and learning. I will make sure that my wife watches this morning's video as well. Have a great day!