steephie, I looked at your latest post. steephie22 Online (25

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"Deflation means you can buy more with one dollar on average. Everything keeps costing more dollars, so there's inflation."
I don't understand your point here.
The cost of all sorts of consumer goods decreased in price after the Civil War until the turn of the century. Food got cheaper throughout the period. There was a global glut of food. Clothes got cheaper as well with the increased efficiency of the transportation system and communications as well as the advent of department stores and mail order catalogs that made delivering goods to the consumer more efficient. Machinery and raw materials like steel decreased as well. Real wages doubled between the end of the Civil War and the turn of the century as well. The standard of living grew more rapidly for more people than any time in our history. There was enormous poverty in the cities, but it steadily decreased throughout the period. More demand doesn't equal higher prices if supply keeps increasing faster than demand. This is exactly what happened. American went from a net importer of finished goods to one of the most important exporters of manufactured goods in the world during this period. Our supply of goods far outstripped domestic demand and we exported the surplus all over the world. This is exactly what set the stage for American economic domination of the 20th century until today.
A business thrives and businesses thrive because it and they produce goods and services below the price the public is willing to pay for those goods and services. Inflation has nothing at all to do with it. Expansion of the money supply out of sync with the productivity of the economy (an excellent definition of inflation) is never, ever good business because it discourages savings and investment.