How Do The Rich Get Richer?
The Cantillon Effect
The Cantillon Effect
The Cantillon Effect is named after Richard Cantillon, an Irish-French economist and banker who lived during the late 17th and early 18th centuries.
In his work, Cantillon discussed how changes in the money supply (specifically the creation of new money) could impact different parts of the economy unequally. Cantillon’s main point was…
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