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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Macroeconomics is the art of ignoring the obvious in favor of belaboring the hopelessly speculative with pseudo-scientific math and pseudo-Greek prose. The Cantillion effect is one of the very obvious things that they very artfully ignore.
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No it’s easy. You just hit the ‘Increase Aggregate Demand’ button then sit back and watch the GDP roll in. Problem solved
- Još 3 druga odgovora
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