They could google capitalism as well. (I realize it's an outdated concept in some countries these days. )
Why do the inflationistas always point to a time 100+ years ago when person owned 1-2 pairs of shoes as the "golden age" of capitalism? Go look at how much a pound of coffee or a pair of shoes or a trip to the doctor cost 100, 200, 300 years ago....
The sky is falling..hedge accordingly! http://www.zerohedge.com/news/2014-...sis-says-world-bank-imf-warns-housing-crashes
Prices are supposed to get cheaper over time, relative to wages. It's that simple. Take your example, a pair of shoes 200 years ago, were a lot cheaper 100 years ago. That's how its supposed to work.
Sky high inflation coming? Housing mkt increased in some areas 20+ % yoy. Cars cost 30% more compared to 6 years ago. Food and energy moving higher. Just simply ask yourself if a six figure salary goes as far as it did 10 yrs ago. Not even close! Maybe cause of stagnant wages but not the sole reason.
Food and fuel don't count! (housing doesn't count either. When housing gets too expensive, trailer parks fill up. Product substitution!!)
Sky High Inflation NOT POSSIBLE without a commesurate increase in wages. Prices may go up, but that won't last......thus leading to inflationary depression. That's a real likelihood right now.