Some things have actually increased in price more than the increase in the money supply. Caused by the bureaucratic kleptocracy. The money printer can’t die soon enough.
Discussion
Regulations and taxes do put an upward pressure in prices and a downward pressure in quality.
Both have a tendency to make companies immune to market pressures and vulnerable to political pressures.
This is why I believe we won't see a 'deflationary utopia' that Jeff Booth describes even on a Bitcoin standard, as long as we have governments.
But then he does say that there's a tendency for prices to fall in the *free market*, which cannot exist as long as there's a government with a territorial monopoly on violence.