The best protection from Trump’s inflationary agenda: Just be filthy rich ...Middle East

Analysis by Allison Morrow, CNN New York (CNN) — The last three years have upended everything about the way we expect the economy to work. That’s at least partly why many rich people don’t seem to be sweating economists’ warnings that Donald Trump’s policies would cause inflation — which has finally come down to a normal level — to spike again. Inflation dings all wallets, whether you’re a Wall Street banker or a public school teacher. But it hurts in different ways. Higher prices for rent and food, areas where blue-collar workers tend to spend a bigger chunk of their income, hurt the middle- and low-income groups hardest. And, historically, high inflation has also hurt wealthy people

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The best protection from Trump’s inflationary agenda: Just be filthy rich ...Middle East

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