Oddbean new post about login | logout $5M is interesting because I think the limiter is how many dollars are printed. Like btc has no top, because fiat has no bottom.
So global wealth can increase for 3 reasons. 1.inflation. That is just an increasing number with no increase in wealth. 2. Population increase. Population will increase to 11Bn until around the year 2050, when it will start to decline. More people generally means more wealth creation. 3. Productivity and technology wealth increase. This is real and increases the wealth per individual and will affect my price estimate in real terms.