I know about the Cantillon Effect within borders, but was thinking there must also be one between them.
Let’s say the US prints $4T through some bill, and a bunch of already super rich Cantillonaires see their net worth go up by many billions. Can’t they take that newly created wealth and buy foreign assets with it?
Now of course eventually the printing will cause a currency devaluation commensurate with it, so they’ll get less for their money. But if there’s any lag between the printing and the full commensurate devaluation, I would think the Cantillonaires can pounce in foreign markets too.
Chris Liss
npub1dt…4hgu0
2024-10-04 13:44:30
Author Public Key
npub1dtf79g6grzc48jqlfrzc7389rx08kn7gm03hsy9qqrww8jgtwaqq64hgu0Published at
2024-10-04 13:44:30Event JSON
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"content": "I know about the Cantillon Effect within borders, but was thinking there must also be one between them. \n\nLet’s say the US prints $4T through some bill, and a bunch of already super rich Cantillonaires see their net worth go up by many billions. Can’t they take that newly created wealth and buy foreign assets with it?\n\nNow of course eventually the printing will cause a currency devaluation commensurate with it, so they’ll get less for their money. But if there’s any lag between the printing and the full commensurate devaluation, I would think the Cantillonaires can pounce in foreign markets too. ",
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