2min chapter

The "What is Money?" Show cover image

An Examination of Central Banking with Joseph Wang (WiM234)

The "What is Money?" Show

CHAPTER

Is Inflation a Redistribution?

Inflation used to be much higher. China's enforcement ban or enforcement effort had some impact, but it's still there. Printing money leads to existing holders of money having a smaller slice of capital. So how is that not theft? Who's stealing from who? The earliest recipients of the newly printed money still from the later recipients. This is the Cantillon effect.

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