17.6 What is the Cantillon Effect? || Matthew Mežinskis
Wasabi Wallet
The Cantillon Effect—early receivers of newly created money gain disproportionate wealth before price equilibration—applies equally to gold, Bitcoin, and fiat systems. The key caveat: ceteris paribus; falling demand for cash balances could theoretically offset supply increases, preventing immediate price changes. Generally, first recipients deploy new money before markets clear and prices adjust u
https://relay.towardsliberty.com/06de668f79a7cd2d06ae7789cd44467d1291688a0c4fae82a59300248238e8c6.mp4
Wasabi Wallet
The Cantillon Effect—early receivers of newly created money gain disproportionate wealth before price equilibration—applies equally to gold, Bitcoin, and fiat systems. The key caveat: ceteris paribus; falling demand for cash balances could theoretically offset supply increases, preventing immediate price changes. Generally, first recipients deploy new money before markets clear and prices adjust u
https://relay.towardsliberty.com/06de668f79a7cd2d06ae7789cd44467d1291688a0c4fae82a59300248238e8c6.mp4