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7-8% is not an arbitrary number and the reason why 1959-1989 is different is because the % of money printed was different in that period. Currently, we are doubling money supply every 10 years, therefore one should ok to expect 2x in stocks because there is no other significant place for money to go to.

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In the 70s and early 80s inflation sent stocks to depths that people today can't even imagine. They joked about American industry being worth more dead than alive.

The P/E ratio of the S&P 500 got into the 7s!

So why does historical experience show that inflation is so bad for stocks, if it seems logically to you to be good?

Yeah? You feel confident that is going to continue for 30 years for sure?

Not necessarily only US stocks but printed money have to go somewhere and they will be printed as the only pacific way to nullify previous debt.

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