God is a Capitalist

Showing posts with label jobs. Show all posts
Showing posts with label jobs. Show all posts

Tuesday, March 25, 2014

QE to Infinity and Beyond and Cantillon



Mainstream economics denies that Cantillon Effects exist. Cantillon Effects are one of those insights that Austrian economics offers followers that help us avoid nasty surprises like the Great Recession. Recently, McKinsey and Company provided research that supports the Austrian view of Cantillon effects from QE. Here is one of their charts: