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 …
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So is the solution to give the newly created money to a wider share of society? It would probably turbocharge the CPI but maybe reduce inequality?
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Or create a money backed by a crucial finite resource such as land or water.
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The best solution is not to discard or overly rely on any one solution. Monetary policy has done good things as well. Sure, it knocks down wealth across the board. So do taxes. Done right and used well but not exclusively, MP and taxes pay for shared needs- fire dept, roads, etc.
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