New printed money preferentially attaches to existing money 
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Dunno why it took me so long to see this Money is mimetic
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Replying to @vgr
Oh haha. I spend too much time in Fintwit. That printed stuff is going away soon. It carries the virus and is only useful to organized crime, tax evaders, terrorists, and people who want to engage in commerce anonymously.
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Replying to @need_zoo
I didn’t mean literally printed, I meant fiscal interventions tend to be distributed to reinforce existing wealth distribution
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Replying to @vgr
Ok. So that IS the Cantillon Effect. The money distribution networks reinforce the inequality structures.
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Replying to @need_zoo
Nope. Read the article you linked. Cantillon effect is about path dependence as money enters into circulation. It would apply even if, for instance, a communist revolution used a jubilee and UBI to inject money very differently from current distribution.
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My claim is that new money mirrors old, *whatever* the distribution. It’s a complementary claim that can be true even if the cantillon effect happens to not hold.
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