Hacker News new | ask | show | jobs
by Matthyze 345 days ago
Googling "Cantillon Effect" gives suprisingly few results. Out of the top five results, two are Bitcoin-related, one is Reddit, and one is the Wikipedia page of Richard Cantillon himself.

The top comment on /r/AskEconomics is:

"The cantillon effect doesn't really exist in any significant capacity. Central banks nowadays announce their actions well ahead of time, that means before the actual expansion of the money supply, people know this expansion will happen, and markets price in that expansion. So there really isn't much benefiting from being "early".

Beyond that there really isn't much empirical evidence on the cantillon effect to exist in any significant capacity."

Since I know little about this topic I'd appreciate HN's view.

1 comments

Cantillon's essay is not terribly difficult of a read and the "Cantillon Effect" has to be the least interesting part of it. It and Smiths Wealth of Nations are both free on the web and well worth the read.
What is the point you're trying to make?