Yes but we have seem massive inflationary periods because we are told depressions, or lower prices, are a bad thing. I am all for honest money. The federal reserve and central banking is at the heart of dishonest money.
We’ve not really seen massive inflationary periods.
The worst was the late 1980’s.
If you look at the average inflation over the last 80 years, the Federal Reserve had done a remarkable job of keeping it between 1 and 3 percent.
Over time a small amount of steady inflation adds up, but who cares? Only someone that stores a large amount of cash in their mattress for 50 years cares. The stability in purchasing power in the short term is what businesses need. And the FED has delivered that.