The Cantillon Effect (And The Inevitable Demise of Financials)

In a pertinent observation, Ludwig von Mises, a philosopher, Austrian School economist, sociologist, and liberal says: ‘Inflation and credit expansion, the preferred methods of present day government open-handedness, do not add anything to the amount of resources available. They make some people more prosperous, but only to the extent that they make others poorer.’

In fact, indiscriminate additions to money supply have a negative fallout – the . . .

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