We just spent $100 for lunch at Chili's. Would Chili's ever lower the price of their hamburger to pre-inflation prices?
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No. Once a product gets to a certain price, like a can of green beans, it will never go back down because the cost of production never goes down. You have to get wages to decrease, machinery to decrease, seed, transportation, packaging, etc...all needs to go down in price before those beans go down. Now, if you want cheap goods produced in America then you will have to face reduced wages. Yea, everything will go down, gasoline, houses, beans, etc, but the driving factor is always wages. If you are making say $20/hr right now and a can of beans is a buck are you willing to reduce your wages by five bucks an hour to get a fifty cent can of beans? 98% of Americans would say they want to keep their wages at current levels.
So what will actually happen is the can of beans will stay at a buck but wages will increase. It will be the same beans/wages percentage whether its 20/1 or 15/.50 So in the end goods and services will not decrease, but wages will increase.
I think the only way we will see the dollar slowly return back to it's original value is after the Fiat system is axed and the Gold Standard is restored, The Federal Reserve Note is discontinued in favor of metals and crypto
I have also wondered if Trump wins and brings production back to America how we will afford the cost of the products?