#cookingthebooks — Public Fediverse posts
Live and recent posts from across the Fediverse tagged #cookingthebooks, aggregated by home.social.
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What 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