16:17:00 +07:00 What is the Cantillon Effect? - Another great James Lavish description both of the history behind the term, but also the dynamic itself. It's all about how close you are to the money spigget, and how there is a delay between the introduction of new money supply and when it actually gets to people, if it ever does. The people close to the spigget get huge advantage becsusecthey can invest that money at current rates, whereas those further downstream don't get that chance, since the value of money has changed by the time it gets to them. Thus re-inforcing existing innequalities. ckarchive.com #