If one was not someone who lived in the real economy and spent most of their money on things in the real economy, and instead was a billionaire, and spent most of their money buying future cash-flows, then sure.
There are plenty of people in this economy who sit somewhere in between having to spend their entire paycheck on rent and groceries and deciding which one of their yachts to take on the next vacation. I'd wager most people reading this are in the middle category, and so deeper analysis on inflation and long-term stores of money is absolutely relevant.
This is an imprecise take, in particular due to one thing: Target return rate.
The rich people expect a return rate regardless of how expensive the asset was, and eventually the asset will have to give that. This transaltes into more expensive consumables, rents, etc. Ie, Asset prices are a part of the real economy.