Important takeaway: inflation is actually good for the rich. Their assets all go up: stocks, real estate, collectables, heck even the yield they get in savings accounts. It is devastating for the poor. Biden fueled it with massive deficit spending. The Fed was complicit with their "inflation is transitory" ignoring of the threat.
Important takeaway: inflation is actually good for the rich. Their assets all go up: stocks, real estate, collectables, heck even the yield they get in savings accounts. It is devastating for the poor. Biden fueled it with massive deficit spending. The Fed was complicit with their "inflation is transitory" ignoring of the threat.
Thank you Pomp for another great newsletter