Actually, that is my point. The value of assets and the amount of money I make both went up because in reality what happened was the money became less valuable. That’s why I consider increasing the minimum wage to be inflationary. What you’re doing is raising the floor. And when you raise the floor you raise the whole building.
You have 10 people on an island and each needs 5 fed shells in their pocket to transact business. 20 years later the island now has 100 people. How do they transact business unless the money supply is increased from 50 shells to 500 shells?