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by cudgy 1488 days ago
He certainly buys real estate, stocks, commodities, yachts, and automobiles. Investment bubbles are also part of inflation.
1 comments

99.999998% of the population has no idea and doesn't care how much yacht prices have inflated over the last several years. They care about toilet paper, food, energy, clothing, and other essentials.
True, but yachts require inputs like steel, wood, fiberglass, electronics, physical labor, trucks, fuel, etc. Those are all products that 99.999998% of people are purchasing either directly or indirectly, so the prices of those products are impacted.