Quickie: The Cantillon Effect

Not only is it an economic truth that inflation is a regressive tax, a transfer of wealth from the poor and working class to government and its cronies, we've known this since 1755 with the publication of Richard Cantillon's essay, the first modern economic treatise.

The Cantillion Effect — Adam Smith Institute
https://www.adamsmith.org/blog/the-cantillion-effect

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