Ökonomie Flashcards
1
Q
What is the Cantillon Effect?
A
Eliten ernten Profite und die breite Masse zahlt für die platzende Spekulationsblase.
In the 21st century, modern-day elites within banking, private equity, and venture capitalism have profited from an extreme version of the Cantillon Effect. Central authorities bail them out in crises, and when the economy stabilizes, limitless liquidity pumps up the price of stocks in which they have become the major shareholder.
