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by joaogfarias
2224 days ago
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Printing money is a mechanism aimed at increasing the wealth of the friends of the King, aka the people who receive the new money earlier; bankers, big companies, high-level politicians, etc. This is called Cantillon Effect. In practical terms, printing money is a tax: Inflationary tax. It transfers wealth from the people who receive the new money last to the people who receive the money first. Therefore, the question itself doesn't make much sense, because money printing is a (more subtle) form of tax. |
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Thanks, I will how some reading to do over weekend :)