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>The Cantillon effect is a desirable result in theory because it can greatly increases the viscosity of the resultant inflation Whether it's desirable in theor
by logicchains 4y ago
>The Cantillon effect is a desirable result in theory because it can greatly increases the viscosity of the resultant inflation
Whether it's desirable in theory depends on what the end goal is. If the end goal is less wealth inequality, a less efficient but more fair system might be more desirable than a more efficient one that systematically transfers wealth from currency holders to financial institutions.
- imtringued 4y agoInequality is actually highly inefficient because inequality allocates production away from the poor who have human basic needs and toward the rich who basically only have superfluous consumption left. You can't argue that these rich people invest in better things than feeding children or educating them.
- Dracophoenix 4y agoWouldn't investment in automation solve that?