College education is probably mostly explained as being a positional good being propped up by a bubble. On the other hand, I actually agree with you that inflat

College education is probably mostly explained as being a positional good being propped up by a bubble. On the other hand, I actually agree with you that inflation may have sneaked into specific domains. Eggs are cheap, but we've also gotten much, much better at making eggs cheaply. A static egg price actually implies inflation, if it costs less to produce an egg.