JohnBennson on Nostr: Money Printing benefits those who receive the new funds first, evil Federal Reserve ...

Money Printing benefits those who receive the new funds first, evil Federal Reserve Bankers.

They are able to spend the new money at today's value, BEFORE prices have increased due to the increased supply of money.

This is called the "Cantillon Effect":

https://river.com/learn/terms/c/cantillon-effect/