I learned something today. I had to look up what the Cantillon effect was.
The Cantillon effect, described by 18th-century economist Richard Cantillon, refers to the uneven distribution of the benefits from money printing, where those closest to the source of new money (like banks or governments) gain disproportionately before prices rise for the general public​.
The Cantillon effect, described by 18th-century economist Richard Cantillon, refers to the uneven distribution of the benefits from money printing, where those closest to the source of new money (like banks or governments) gain disproportionately before prices rise for the general public​.
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