Cantillon Effect: Why Wage Earners Get Left Behind

The Uneducated Economist explains the Cantillon Effect: new money does not hit everyone at the same time. It reaches those closest to credit and assets first, while wage earners feel the higher prices later.

If inflation rewards asset holders before workers catch up, what happens to everyone living on a paycheck?

Full episode: https://www.youtube.com/watch?v=RlGPpi58iqc