"Anecdotally, I am slowly raising my service prices as my costs rise. To me, this is evidence that my dollar (I'm in the US) is not going as far as it used to.

"Anecdotally, I am slowly raising my service prices as my costs rise. To me, this is evidence that my dollar (I'm in the US) is not going as far as it used to. And yet costs in a healthy financial system should normally be driven down, by typical Austrian Economic thinking" I don't think that's correct. You're referring to competition and efficiencies, not inflation. "The Austrian school believes any increase in the money supply not supported by an increase in the production of goods and services leads to an increase in prices" https://www.investopedia.com/articles/economics/09/austrian-school-of-economics.asp https://www.investopedia.com/articles/economics/09/austrian-...