Inflation Is a Giant "Skim" on the American People

Tags Corporate WelfareInflationMoney and BanksU.S. EconomyU.S. History

09/09/2023Charles A. Smith

Narrator:

Contrary to the government's line that "inflation hurts everyone," inflation really is a wealth transfer from those without political power to the politically connected.

Original Article: "Inflation Is a Giant "Skim" on the American People"

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Author:

Contact Charles A. Smith

Charles A. (Charlie) Smith is former Chief Investment Officer of Fort Pitt Capital Group in Pittsburgh. The Fort Pitt Capital Total Return Fund (FPCGX) outperformed the S&P 500 Index for the exactly 20 years that he managed it.