experts keep saying the U.S. has not had high inflation in the last 40 years ... but they are wrong

inflation is not about a basket of eggs and milk.

inflation is about what we care about most: asset prices
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the economists have never been more wrong. inflation has been very high in the U.S.

while the price of things made in China have not risen much, the prices of things we REALLY care about (education, housing, healthcare, stocks) have risen massively

as you make more money, it costs you more to enjoy it that in the past. that's inflation.

that price of a nice house has gone up.

the price of a branded education has skyrocketed.

want to invest in a nice stock basket, the price of that too has gone up

outside of basic goods, the dollar has been losing its value by about 5%/year**. that's REAL inflation

** I made this number up but it is directionally correct

a country with truly low inflation is Japan. assets in Japan (like real estate and equities) have not appreciate much. even Germany has much lower inflation than the U.S.

the problem with the best U.S. assets (education, healthcare, real estate, equities) is that they are deemed the best things in the world (not just the U.S.). so all the money in the world is chasing these assets which cause the prices to grow