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My unsubstantiated view is the growth of broad market index funds. Because billions coming in to buy and hold, why would it drop value?

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Because the money is funny money that's not real or robust. The US dollar has lost 85-96% of it's value since the early 70's. Just my view atleast

The US dollar has lost 85-96% of it's value since the early 70's

Can you explain that? I don't really understand that sentence.

The argument they're making is that because the original value of the dollar is worth X amount of gold, until the 70's (where we got off the gold standard), the "actual", gold backed value would've been a constant multiple of the price of gold today (since gold's value is stable under this assumption), and thus, the dollar lost a bunch of value.

i don't buy it, because the amount of possible goods/services purchasable today is much higher than back in the 70's.

Ah, makes sense. I'm not sure I agree, but it's an interesting take.

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