"Cantillion Effect" people closest to the source profit benefit the most, while the rest suffer.
#RichardCantillon
#CantillionEffect
https://en.wikipedia.org/wiki/Richard_Cantillon#cite_ref-56
Cantillon suggested that #inflation occurs gradually and that the new supply of money has a localised effect on inflation, effectively originating the concept of non-neutral money.
Furthermore, he posited that the original recipients of new #money enjoy higher standards of living at the expense of later recipients.
The concept of relative inflation, or a #disproportionate rise in prices among different goods in an #economy, is now known as the Cantillon Effect.
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2025-11-02 14:17:39 UTC
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