What a great thing to be at the head of the money line. From el gato malo at boriquagato.substack.com:
how printing money entrenches wealth and power at the expense of everyone else
i have spoken in the past about the cantillon effect. it’s one of those wonderful explanatory ideas that is at once obscure in that very few people know what it is but outlandishly obvious and essentially undeniable once you hear it.
and when you’re going to print money to fund the sort of massive structural deficits currently prevailing in the US, it becomes a very big deal.
the cantillon effect is the path to popular penury. it’s also a massive wealth enhancer for the state and the cronies close to it.
this is going to be a pivotal topic in the coming years. it’s one you really, really want to understand.
i take the lion’s share. you get overpriced scraps.
ultimately, it’s very, very simple:
- those who print new money benefit most from it.
- those who get this new money from them fastest benefit nearly as much.
- those who get it last are the ones most harmed.
that’s it.
And all it buys is the Cloaca-Maxima stripmall economic zone posing as a nation.
Bolshevik means one of the majority and where have we heard that before?