[nebula8804]

> If that were true then everyone would be getting poorer as the population grows (finite resources spread ever thinner within a growing society).

Well then what is inflation?

Not everything is infinite like software. The largest sources of inflation are caused by things that have a human limitation. ie. things that need to have a human in the loop.

And lets not forget the many sources of suppressed inflation. That iPhone is its current price because we rely on low paid Chinese workers and factories destroying their local environment to produce that phone. Once that goes away (some are saying this is China's last decade of free trade) then we will see the real cost of these things.