Thirtysomething investor and trader. Survivor of markets since the early 90s’s, I plan to use this space to share my thoughts and observations on financial & commodity markets and the economy with friends. Others are welcome to listen in.
Richard Cantillon was first a successful speculator and then a great economic theorist. He argued that the result of an increase in the stock of money would not cause prices to rise evenly across the board as implied in the modern ‘helicopter drop’ perspective; instead it would cause prices to rise at uneven rates in different sectors with the consequence that relative prices would be changed.
I believe that consideration of such effects is a prerequisite for an understanding of the modern experience of the business cycle.