CaptainBTC on Nostr: The Cantillon Effect refers to the way in which those who receive newly printed money ...
The Cantillon Effect refers to the way in which those who receive newly printed money first (such as banks, financial institutions, or government contractors) benefit more because they can spend it at pre-inflation prices. By the time the new money circulates to the broader population, inflation has often caused prices to increase, meaning that their purchasing power is much less.
Published at
2024-09-08 14:21:33Event JSON
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"content": "The Cantillon Effect refers to the way in which those who receive newly printed money first (such as banks, financial institutions, or government contractors) benefit more because they can spend it at pre-inflation prices. By the time the new money circulates to the broader population, inflation has often caused prices to increase, meaning that their purchasing power is much less.",
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