If yo do the math, $14k in 1971 to $1M in 2024 implies a CAGR of 8.3%. Almost exactly the CAGR of USD M2 money supply over that same period.
Everybody just talks about inflation, but inflation is nothing else but a falling currency. https://video.nostr.build/95cd22453b167c8b3fe4a3a454c6931c32363462b3e1eed90c6c8aa4919f5241.mp4
If yo do the math, $14k in 1971 to $1M in 2024 implies a CAGR of 8.3%. Almost exactly the CAGR of USD M2 money supply over that same period.
