“Can you think of a single U.S.-made product or service that has gotten less expensive over time?”
That’s because of so many years of printing money faster than the corresponding increase in the value of the economy (goods and services). The FED doesn’t aim at 0% inflation, they aim at 2%. The law of supply and demand applies here too. Inflation would be more accurately described as a decrease in the value of our money, because of increasing the money supply when the value of the economy hasn’t demanded it.
Great point, but I’m talking even about rates of inflation relative to the overall rate of inflation. The highest inflation rates can be found in products/services that are most “captive” to U.S. sourcing. Health care and education are notorious in this regard.