He "maybe" better add on a lot more than a bit. Like maybe a factor of 6.3 according to the inflation calculator I consulted. Like maybe more because I suspeect the inflation calculator did not take into account the real estate bubble we now have. Williams is great but he's behind on the inflation issue. And that is a shame because despite his claim to be a radical for liberty, inflation is very damaging to liberty as it represents the confiscation of property. I think his advocacy of liberty is rather selective.
Inflation is good. Deflation is bad.
Inflation is good since it increases the velocity of liquidities through the market (since your money will lose value if you just sit on it).
Deflation drastically decreases the velocity of liquidities through the market (since your money actually gains in value as it sits in your mattress).
Don't make the mistake of thinking that inflation comes entirely (or even mostly) from the government "printing" more money. Inflation comes about from an increase in private credit (corporate bonds, bank lending, etc.) that grows faster than productivity.