If we’ve transitioned into a different socioeconomic system from capitalism, then it really could be different this time. It just means that certain assets are

If we’ve transitioned into a different socioeconomic system from capitalism, then it really could be different this time. It just means that certain assets are no longer traditional “assets” but should be viewed as an annuity etc. Housing can return 20% per year until the end of time if the Fed wishes it to.