The Cantillon effect: "the first ones to receive the newly created money see their incomes rise, whereas the last ones to receive the newly created money see their purchasing power decline as consumer price inflation comes about." https://mises.org/library/how-central-banking-increased-inequality … https://en.wikipedia.org/wiki/Richard_Cantillon …
-
Yeah but for many of them, the USD is the reserve for their currency, so their currency and the reserve currency would experience the effects. Would that be a double whammy?
