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What if the stock market hasn’t actually grown the way you think it has? Most investors measure returns in U.S. dollars. But what if the dollar itself is losing purchasing power? In today’s Evanomics 101 breakdown, we cover: 📊 Why stocks look very different when measured in gold 🏦 How the Federal Reserve expands money supply and inflates asset prices 🪙 Why gold and crypto serve completely different economic roles Example: If the S&P 500 rises 300% in dollar terms — but the dollar loses 60% of its purchasing power — are you actually 300% richer? When you measure stock indexes in ounces of gold instead of dollars, long-term performance looks very different. This isn’t anti-stock. It’s pro-measurement. Because if the measuring stick is shrinking, everything looks like it’s growing. By the end of this video, you’ll see why many economists argue gold tells a truer story about real wealth. Subscribe for real economic breakdowns — no hype.