Attila Lendvai <att...@lendvai.name> writes:
> > and especially so for inflation, which is straight out a tax that > siphons the purchasing power from people who hold cash equivalents > (i.e. the poor), to the people who own assets (i.e. the > wealthy)... who are also closer to the source of new money, and > therefore spend it first on the market, when it has not yet elevated > the prices. see the Cantillon effect: > https://en.wikipedia.org/wiki/Richard_Cantillon#Monetary_theory > With respect, please dont justify philosophies of restrictive supply when writing on technichal forums predicated on ideals of non rivalrous behaviour. Otherwise, I enjoyed the post :) Jonathan
