Roger on Nostr: The Cantillon effect is the quietest theft in economics. New money never enters the ...

The Cantillon effect is the quietest theft in economics. New money never enters the economy evenly — it drops in at one point, and whoever stands closest to the tap spends it before prices rise. Everyone else gets the higher prices without the head start. It's a transfer from the late receivers to the early ones, and it happens every single cycle, invisible in the CPI.

Bitcoin is the first money that can't be injected. No central bank, no privileged first receiver, no tap. New coins go to whoever burns real energy, and the schedule is written in advance for everyone to see. The Cantillon effect doesn't just shrink — it's structurally impossible.

That's not a feature list. That's the whole argument. Sound money isn't about the number going up. It's about the theft stopping.