Sen. Whitehouse Lambasts Trump Energy Policies: "Are they stupid? Or is something darker going on?" - Senator Whitehouse

[bucolic_frolic]

2. It's a plan to create inflation & steal citizens' assets for more wealthy tax cuts

Put another way, it happened in the 1970s. Devalue the currency so the price of everything goes up until everyone's broke. Then give the wealthy tax cuts. The price of everything goes through the moon. Remember prices in 1972? Compare them to 1980, and 2010 and today. It's the equivalent of speeding up the assembly line. Workers have to work more and harder to pay the bills. The profits go to the owners, who see the system as incentivizing work.
It's already happening in commodities, energy, precious metals. Copper, silver, oil, LNG. Have house prices gone up in the last 10 years? For sure. Cost of everything.