One’s debt is another’s wealth—the real issue is distribution (CE) and opportunity. The Cantillon Effect (CE) shows how those closest to money creation benefit most. Debt itself isn’t the problem; its purpose, quality, and backing matter.
Even under a Bitcoin standard, debt will exist—but with a completely different purpose, higher quality, and backed by Bitcoin.
Exactly. The Cantillon Effect highlights how early recipients of new money gain an advantage, often widening inequality. Under a Bitcoin standard, the rules of the game change. Debt wouldn’t disappear, but it would be based on real value, not unlimited printing. That shifts incentives toward more responsible lending, better capital allocation, and broader opportunity.
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