3 ms·
Look into Cantillion Effect "...recipients of new money enjoy higher standards of living at the expense of later recipients..."[0] [0] https://en.wikipedia.or
by cconroy 7y ago
Look into Cantillion Effect
"...recipients of new money enjoy higher standards of living at the expense of later recipients..."[0]
[0] https://en.wikipedia.org/wiki/Richard_Cantillon#Monetary_theory https://en.wikipedia.org/wiki/Richard_Cantillon#Monetary_the...
- FiatLuxDave 7y agoAh, thank you! That's exactly what I was trying to think of when I posted this question 7 months ago: https://news.ycombinator.com/item?id=20164397 https://news.ycombinator.com/item?id=20164397 +50 internet points for you!