[cconroy]

Look into Cantillion Effect

"...recipients of new money enjoy higher standards of living at the expense of later recipients..."[0]

[0] https://en.wikipedia.org/wiki/Richard_Cantillon#Monetary_the...

[FiatLuxDave]

Ah, thank you! That's exactly what I was trying to think of when I posted this question 7 months ago: https://news.ycombinator.com/item?id=20164397

+50 internet points for you!