Because of Inflation, We’re Financing the Financiers — The Cantillon Effect

Because of Inflation, We’re Financing the Financiers — The Cantillon Effect By Jessica Schultz It may come as a surprise to you that the United States has been financing a welfare program that takes money from the poor and gives it to the rich. Inflation as a Policy Tool If you read a lot of modern macroeconomic literature or major in economics in college, you’ll hear economists talk of the “multiplier effect” of monetary and fiscal stimulus. In times of economic slump, money injection (for monetary policy) or government spending…

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