That's not how inflation works. Gains in productivity (e.g. better technology) aren't wiped out by changes in the nominal value of currency. Rather, gains in

That's not how inflation works. Gains in productivity (e.g. better technology) aren't wiped out by changes in the nominal value of currency. Rather, gains in productivity could be countered by increases in the standard of living. But, since the first world standard of living has been "good enough" since the 1950s, the increases in productivity have instead fed the ever-increasing wealth divide in first world nations.