Total gibberish, nonsense. Growth is not uniform, but naturally accrues disproportionately to those responsible for the growth.

So purchasing power in real world terms is massively up, while percent of wealth is down because others are up even more.

A failure to understand basic economics that are self-evident is why organizations like Mises and so called libertarians wrap themselves up in masturbatory theorizing and fail to grok bitcoin -- it is arguably closer to Keynesianism through its need to be part of a collective, institutionalized, authorized set of beliefs than it is to bitcoin.

LARPertarian is what I will call them from now on.