Inflation Punishes the Poor First

“when those policies trigger inflation and unemployment, it is the poor, the elderly, the sick, and the disadvantaged who suffer first, most, and longest. Ironically, inflation is foremost an attack on the poor, because it means that their few dollars can buy less and less.”

“Deficit spending forces the Federal Reserve to increase the money supply, which decreases the value of the dollar, leading to higher and higher prices and lower and lower purchasing power. The tragedy of the misguided policies is that they were sold on the mistaken notion that they would help the poor, the elderly, the sick, and the disadvantaged.”