QOTD = Quote of the Day
William Edward Simon was an American businessman and philanthropist who served as the 63rd United States Secretary of the Treasury. He became the Secretary of the Treasury on May 9, 1974, during the Nixon administration. After Nixon resigned, Simon was reappointed by President Gerald Ford and served until 1977 when President Jimmy Carter took office. – Wikipedia
Same goes for the wealthy and institutional investors if they’d admit it. Who benefits most from rising prices? Businesses that can charge more in the name of Keeping up with inflation. But who pays the price, literally? Consumers.