>From whoever is furthest to money creation to whoever is closest.
Precisely! You might also want to mention that there's a name for that, the Cantillon Effect.
[Ed. Fixed spelling according to sparkie's correction.]
Cantillon has 1 i in it.
Precisely! You might also want to mention that there's a name for that, the Cantillon Effect.
[Ed. Fixed spelling according to sparkie's correction.]
Ever wonder why record stock buybacks and record ceo pay are happening right when QE is happening?
Why stock markets and PE ratios are at record highs? Why there are record amounts being invested by VCs? Why commodity prices have been rising?
It’s not because of evil capitalism. It’s because those people are closest to where money creation happens. The 1% aren’t getting richer because of the exploitative nature of capitalism, but because they have access to new money.