Eric Smit · @EricChrSmit
8932 followers · 267 posts · Server mastodon.social@kajleers je kunt een boekhouding niet belazeren, lijkt mij. #cookingTheBooks
Dick Smiths Fair Go Supporters · @dsfgs
178 followers · 12401 posts · Server activism.openworlds.infoWhat is the #CantillonEffect?
Its pretty simple. Those with first dibs on the newly-minted #cash get all the benefits.
So if I'm a #CEO with a #banker mate at the #Fed (aka #FederalReserve, a private entity) and they type some new #money into my bank account, I'll get the full benefit of that money.
As I spend it, the #inflation effect debases the currency's value and #assets simply go up in #price.
The #saver suffers.
#moneyPrinting #qe #quantatativeEasing #counterfeiting #cookingTheBooks
#cantilloneffect #cash #ceo #banker #fed #federalreserve #money #inflation #assets #price #saver #moneyPrinting #QE #quantatativeEasing #counterfeiting #cookingTheBooks