Discover and read the best of Twitter Threads about #cantillon

Most recents (4)

🧵 time...

For years, as I have discussed the value prop for seizure-resistant, non-sovereign💲like #BTC with noobies, I have always had to caveat it with "we don't think about it in the Western world too much bc our money, banking system, and law typically work well"

Well...
2/ #Bitcoin's value in the Western world has NEVER been more obvious thanks to the last ~ 2 years.

Reminder, it has ALWAYS been valuable to those less fortunate living under authoritarianism or double-digit inflation (over half the world)
newsweek.com/half-world-liv…

@gladstein
3/ Now, Westerners are getting their taste:
- 10%+ inflation for many (screw the official #CPI numbers)
- Bank accounts being inexplicably closed @haydenzadams @PeterMcCormack
- Govt freezing funds and threatening companies #TruckersForFreedom
- ~25% M2 debasement in ~2 years Image
Read 26 tweets
In the 2021's first issue of #Cantillon Effects, we discussed the #inflation which now pervades our lives: not just the narrow, disputed one relating to goods prices, but the inflation of rhetoric, passions, tribalism & despotism.

Over this thread, we'll present our case:-
1/x
Replacing the "public square" with the "cyber swarm" has not been conducive to reason or civility, for all that it has opened up new possibilities of disseminating news and opinion.
2/x
The #stakeholder capitalism being built while we're confined to quarters is a world where, we're glibly assured, " you will (truly) own nothing - the #centralbank will ensure your fake asset's notional price is misleadingly high - and you'll be happy!" Really?
3/x
Read 8 tweets
🏯 O Efeito #Cantillon é uma das razões pelas quais a pessoa média empobreceu nos últimos meses; enquanto muito ricos enriqueceram.

🇧🇷 Brasileiros conhecem o fenômeno através daquela música:

🎶 “o de cima SOBE,
e o de baixo DESCE” 📉
⚖️ Trata-se da heterogeneidade na distribuição do dinheiro, desde que é criado por um BC, até chegar nas mãos “do povo” 🧍🏻‍♂️🧍🏽‍♀️

💰 Sabe os trilhõe$ que estão sendo impressos para conter a crise?

Eles passam por um bocado de instituições até que uma fração chegue ao seu bolso 💼
🏦 Boa parte desse 💵 capturado pelo caminho é despejado nos mercados de capitais.

Afinal, se governos estão imprimindo dinheiro à vontade, por que empresas e/ou gente ric@ vai guardar patrimônio em papel-moeda? 🤔
Read 8 tweets
Largely because (a) the injections functioned differently last time as it was primarily a financial seizure, not a real one; (c) the real assets which did deflate -RE- are the very ones which have since most risen in price (“inflated”); (d) intl division of labour then undamaged
Somewhat risible to say no fiscal response last time, even if this one is shaping up to dwarf it. That’s just #Keynesian dinosaurs trying to say only their Master’s nostrums can work.
Worry is, we redo the 30s: lacklustre growth as too big a Boondoggle state exploiting its edge.
The state runs only the softest of soft budgets, is the most wasteful, least productive, most monolithic, least innovative of spenders. Backed up by a compliant #centralbank -monetary ‘authority’ is now a joke!- that implies lots of (misdirected) demand for not much extra supply
Read 7 tweets

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