It's sort of like the argument about minimum wages. Cost of services goes up. So to afford the same services we're used to personal income must go up, including a service business's payroll and supplier costs. There is no increase in value anywhere, people just trading Monopoly money.
Of course that's not exactly how it works, lots of complications and anti-inflationary monetary policy. But you get the idea. And prices coming down - bought gas lately?
