This seems roughly inline with inflation, which is about 2x over 1995-2020. Health and eduaction outpace this likely because of the extra focus on their importa

This seems roughly inline with inflation, which is about 2x over 1995-2020. Health and eduaction outpace this likely because of the extra focus on their importance. Meanwhile a lot of things have gotten significantly cheaper on a relative basis and the markets have done closer to between 5x and 7x returns. Talking about this in absolute terms is pointless and I believe the author knows it, but it doesn't help his narative.