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for those who dont know. Read about "Cantillon Effect", it basically means whoever gets newly printed money first benefits the most at the cost on whoever gets
by jp42 5y ago
for those who dont know. Read about "Cantillon Effect", it basically means whoever gets newly printed money first benefits the most at the cost on whoever gets it later.
- arcticbull 5y agoNobody, and I mean nobody, seems to have quantified the Cantillon effect. Money is "printed" when a fractional reserve loan is issued. That means when people borrow money. Everyone borrowing new money is doing so from the printer. Please either quantify the Cantillon effect or find a new scapegoat. The issue is zoning.