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Do you know the “Cantillon Effect”?

1. New money is printed

2. The new money is distributed to the 1%

3. The 1% spends the new money

4. The new money leads to price inflation

5. The 99% are fucked.

Inflation always touches the 99%, never the 1%.

#Bitcoin fixes this.

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Kreig 1y ago

You forgot "the 1% tax the 99% to pay for the money they just spent" in between step 3 and 4

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