>Lower interest rates tend to favor financial incumbents because they make money anyway because they have more and can sit on it I think that's rather due to t

>Lower interest rates tend to favor financial incumbents because they make money anyway because they have more and can sit on it I think that's rather due to the Cantillon Effect, which posits that those who are closest to new money issuance (primary dealers, banks, etc) extract more value from it. https://en.wikipedia.org/wiki/Richard_Cantillon#Monetary_theory https://en.wikipedia.org/wiki/Richard_Cantillon#Monetary_the...