Nicholas, > Ricardo, you need to understand the concept of money. > It is irrelevant whether the rich have their worth in > cash or other instruments. It is still "money" and is > directly affected by inflation; everything they buy > including other investment instruments will go up > in price.
Another feature of inflation is that all of us with mortgages or other loans wind up repaying them in inflated dollars. That fact does even out some of the impact of inflation on both the rich and the poor, although the poor obviously are more severely impacted because of the rise in rent, food, and other goods. Kristyne McDaniel http://www.kristynemcdaniel.com/blog http://www.emryldadvantage.com/ http://www.mcstyles.com/ Whether you think you can, or you think you can't.... you are right. -- Henry Ford _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech Searchable Archive: http://leafe.com/archives/search/profox This message: http://leafe.com/archives/byMID/profox/[EMAIL PROTECTED] ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
