> People seriously underestimate just how much disinflation there's been in food prices when compared to the rest of the market. And that actually means there's more food. For everyone.

Definitely. In 1900, the typical American family spend 43% of its income on food. In 1950, it was 30%. By 2003, it had dropped to 13%.

https://www.theatlantic.com/business/archive/2012/04/how-ame...