The steps the wealthy take to mitigate inflation are what drive a large portion of our economy. Investing in stocks, bonds, angel and venture funds, etc. puts t

The steps the wealthy take to mitigate inflation are what drive a large portion of our economy. Investing in stocks, bonds, angel and venture funds, etc. puts their money to use for the economy, allowing an entrepreneur to get funding for her start-up, so companies have more money to pay employees, so local and national governments can invest in infrastructure and services, and so a rich guy loses his shirt on some stupid or unlucky bets and joins the lower classes. Inflation, to a point, is a very strong incentive against hoarding cash, and provides much of the social mobility in our economy.