New printed money preferentially attaches to existing money 
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Replying to @sonyasupposedly
Sigh, no. Cantillon effect says how money is distributed matters. I’m saying something orthogonal, that fiscal measures tend to be deployed in proportion to existing wealth distribution. A sort of minimal disruption effect rather than a path dependence effect.
1 reply 0 retweets 10 likes -
Replying to @sonyasupposedly
It’s a very closely related thing though.
7:55 PM - 10 May 2020
0 replies
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