I do understand that you need to own assets not dollars during periods of high inflation to preserve the buying power of your labor,

It is because inflation is misunderstood.

What is the inflation rate of bitcoin? Hive? Ethereum? People answer that with 1%, 5% or whatever. It is the expansion of the number of units on a yearly basis.

Notice how it has nothing to do with prices. People think price increases mean "money printing" is taking place. How did we hear about inflation over the last 4 years and it due to the money printing.

Yet every earnings call for two years, CEOs talked about supply chain shortages. Does anything think shutting down the global economy, killing supply of many thing, had anything to do with it?

No they simply say it is money printing, once again proving how economists brainwashed them into being completely naive.