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Originally Posted by Pugchief
Oh the irony. So many fallacies. Inflation is not caused by innovation, it's caused by too many dollars chasing the same amount of goods, and printing money exacerbates that phenomenon. Some of that is due to the pandemic, supply chains, etc, but an even bigger component is all the money printing to pay for foreign wars, support migrants and other programs.
As far as 'new and improved' costing more, that's not necessarily true. The price of flat screen TVs keep dropping. It's mostly energy and food (the two things we can't live without) that are going up exponentially.
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Look beyond the surface. Certain items may may get cheaper (temporarily) due to new and improved (cheaper and more efficient production or out dated tech) but the profit margin for the producer still grows. That is only one of thousands of factor that contribute to inflation. As far as food and energy goes, supply and demand still holds true. Food and energy production and distribution costs go up. Cost at the store, restaurant and pump goes up. It's a vicious cycle. Nobody likes it, but it is a fact of life, like getting old. Anyone check the price of a new buggy whip lately?