Contrary to the government's line that "inflation hurts everyone," inflation really is a wealth transfer from those without political power to the politically connected.
Charles A. Smith
Charles A. (Charlie) Smith is former Chief Investment Officer of Fort Pitt Capital Group in Pittsburgh. The Fort Pitt Capital Total Return Fund (FPCGX) outperformed the S&P 500 Index for the exactly 20 years that he managed it.
Latest work
The price of a McDonald’s hamburger in the United States has inflated 3.75 percent annually over the last seventy years. McDonald’s has grown from a tiny hamburger stand in Des Plaines, Illinois, to...
