This is nonsense. Money supply is related to inflation, but not the same, and the graph you showed is the clearest proof of that - money supply shot up in the w

This is nonsense. Money supply is related to inflation, but not the same, and the graph you showed is the clearest proof of that - money supply shot up in the wake of the GFC, while inflation reared its ugly head only in the wake of supply side shocks due to war and pandemic. Any savings beyond a few months worth of cushion should not be held in cash anyway, but in equity and debt, which support productive investments. These have yielded positive results over these timeframes. (And BTW, both US equity and US corporate debt have outperformed gold over the last century or so.) Even if you go for risk-free treasuries: long term real rates have mostly been positive [0], while short real rates have been hovering around, but in the last decade and a half below, zero [1], granted. But these rates are determined by economy wide equilibrium processes that can't be overcome by some magic beans and a bad database. (Note that there are some 10,000 coins with strictly limited supply. They will not ipso facto outperform the dollar.) [0] https://fred.stlouisfed.org/series/REAINTRATREARAT10Y https://fred.stlouisfed.org/series/REAINTRATREARAT10Y [1] https://fred.stlouisfed.org/series/REAINTRATREARAT1MO https://fred.stlouisfed.org/series/REAINTRATREARAT1MO