It's too late to edit this now, but broad money supply increased at 5% per year. Official CPI says that broad prices rose by about 2.5% per year on average since 1990, while the source I linked thinks there’s a good case that it’s closer to 3% or more. In other words, prices went up more like 150% (2.5x) rather than 100% (2x) in total during that three decade compounded annual period.

4-5% annualized inflation would be crazy - but some things have gone up more than that. If your a young person starting out in need of an education and a home - you'll see more than 3% inflation for yourself personally.

> If you look at real inflation it's been closer to 4-5% a year since 2009.

No, it has not:

* https://awealthofcommonsense.com/2021/01/inflation-truthers/

Given that GDP growth has averaged 2% per year, if inflation was 4-5% that would mean the US economy was having 2-3% deflation in real terms.

During the economic devastation of 2009 there was negative 0.35% inflation. Can you imagine what kind of economic apocalypse would occur with negative 2%?

What you are saying makes no sense whatsoever.

> Given that GDP growth has averaged 2% per year, if inflation was 4-5% that would mean the US economy was having 2-3% deflation in real terms.

Pedantic, but the that would be “contraction” not “deflation”. (Contraction = declining real output, deflation = declining nominal prices.)

Yes, sorry my memory betrayed me. It's about 3%/year over the last 30 years according to the source. I posted a correction.