The chart is misleading because it adjusts for inflation using M3, rather than the Consumer Price Index (CPI). People assess inflation by the prices they pay, not some monetary aggregate. Using CPI, the S&P 500 has recovered to its 2000 peak. Just as important, the owner of an S&P 500 index fund would have received dividends, so her total return would have exceeded inflation.
The caption at the bottom suggests why this misleading analysis is shown. The author is pushing crypto. "Invest wisely and you can maintain or increase your standard of life. Invest poorly and the road to serfdom is real. Invest in crypto"
The caption at the bottom suggests why this misleading analysis is shown. The author is pushing crypto. "Invest wisely and you can maintain or increase your standard of life. Invest poorly and the road to serfdom is real. Invest in crypto"