/biz/ - Business & Finance

>>28855627
I'm a bit confused about the Cantillon effect.
Is it basically just saying that rich people are the first to benefit from and gain the most from the printing of money?
I understand that in the short run, we all "benefit" from inflation but when the inflation finally starts to really take effect, it's the poor and middle class who get hit by it the worst via their savings and their diminished wealth.
I also understand inflation to be a highly regressive tax but surely inflation would hurt the rich too in the long run so why do they keep on supporting inflationary money printing?
How do they keep the value they gained during the "fun" part of the inflation? Is it really just through investments in gold and things like that?

The game theory was honked from the start

It has been 300 years since Richard Cantillon explained how injecting money negatively effects the flow of liquidity in an economy.

What is it going to take for you retards to listen?