Prices should be declining if supply are increasing.
If you're right, which you're not, then prices should be decreasing very quickly.
Food and energy bills for the average person in my country and others I've been to are steadily increasing.
USA 2011 http://www.cbsnews.com/news/food-prices-increase-most-in-36-...
USA 2014 http://www.cbsnews.com/news/food-prices-soar-as-incomes-stan...
World graph http://www.worldwatch.org/global-food-prices-continue-rise-0
EX-computation, tell me something good. We can't eat silicon wafers.
The cost of energy alone is exponentially higher than it was in the early 70s.
We're not living in an enchanted forest, formerly progressive trends are going into reverse on most counts outside of computers.