Can High-Income Groups Create Financial Inflation?

When we think about high-income groups around the world, what did they control? They control dollars. Are there very many high-income people in the world? Absolutely not. So they cannot control volume. In contrast, the low-income groups control volume. One guy can go out and take an Elon Musk, but he lost $200 billion this last year. He could have created inflation across any of these financial markets. But can he create inflation in a commodity market? No, it's numerically impossible. There's not enough of high- income people that could create physical good inflation.

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