Since inception the Euro has lost at least 40% of its buying power (just using official CPI).
That is what the Cantillionaires have taken from you.
Of course, we all know it's a lot more than that.
Discussion
Only 40% ?
TBH I was expecting more
#bitcoin Is the only stable coin
The general form of a Cantillon effect is that there is increased money coming into an economy from somewhere. The first recipients benefit. They spend it according to their preferences, and this causes certain prices to go up. The sellers of those goods benefit from the new money, while others who only face higher prices are hurt.
At least they reached their 2 percent target 😁