Mises Wire
Author:
Louis Rouanet
Online Publish Date:
through other channels. One of these channels is asset price inflation and the growth of the financial sector. The rise in income inequality over the past 30 years are credited with so-called base money that has not existed before. Thus, the economics of Cantillon effects tells us that financial institutions benefit illustrations. For instance, the financial sector contributed massively to the growth of billionaire’s wealth (see table below). We can list four main reasons why