Bitcoin And The Smallest Businesses: Cantillon Effects And Why They Need Bitcoin
Small businesses that are essential to communities often suffer the most from inflation — here’s how bitcoin can help remedy this suffering.The Cantillon effect describes the phenomena that those closest to the money-printing benefit the most. Larger institutions, banks, organizations, and corporations are closer to the money. Larger groups representing large amounts of coordinated interests are also closer to the money.What are SMEs, small and medium Eenterprises? Small businesses are usually defined as organizations with fewer than 100 employees; midsize enterprises are those....
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Is Bitcoin susceptible to the Cantillon effect? To find an answer, please read this Bitcoin-Cantillon effect article. How to protect yourself from the Cantillon effect?The simplest method to safeguard yourself against the unequal distribution of new money is to leave the monetary system completely. Only the oldest living generations can recall a time when money was more than a piece of paper backed by the government's and military's "full faith and credit." We are conditioned to conceive of money as a product of our government, yet avoiding the Cantillon effect necessitates looking at....
Bitcoin changes a legacy economic dynamic that granted those close to the money printer a distinct advantage over the rest of us. The post Cantillon Effect 2.0: Bitcoin Is The World’s First Truly Fair Money appeared first on Bitcoin Magazine.
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The International Monetary Fund (IMF) is encouraging countries to create money to mitigate the effects of lockdown restrictions on economies. Specifically, the international lender wants businesses and workers displaced by the pandemic related responses to get financial support as they adjust their businesses and search for new jobs respectively. Recognizing the new normal In its October 2020 World Economic Outlook, the Fund says in addition to cushioning people and firms affected by the pandemic, countries now need to pursue economic policies that recognize the changing dynamics. The....