[C210N]

Every dollar the central bank creates benefits the early recipients of the money—the government and the banking sector — at the expense of the late recipients of the money, the wage earners, and the poor...

Hmmm.... a phenomenon shared between the dollar and bitcoin. The nebulous founders of BTC own "tons" of BTC at dollar equivalents of pennies, now valued around $838.

[Toddsterpatriot]

Every dollar the central bank creates benefits the early recipients of the money—the government and the banking sector

I always loved this claim.

The Fed buys a bond, yielding say 2.6% to 4.5%, from a bank, giving them in return, cash yielding 0.25%.

How is that a benefit to the banking sector?