Javier Milei explains why printing money hurts the poor the most

2 comments

1. He’s right, the Cantillon effect. Not only that, but the poorest usually get paid the least and have no assets. So they have to fight for pay increases just to keep up with the cost of living from inflation, and don’t benefit from asset inflation from money printing.

2. As much hate this guy gets, he understands the problem. I don’t agree with him on everything, but this one I do for sure. Hopefully he can help that country get out of financial oppression they’ve been experiencing for the last 50 years.