“Recessions emerge when the central bank reverses its loose monetary stance. But the seeds of recession were sown earlier by private lending practices that grew out of central-bank money creation.
The monetary pumping disrupts the harmony because of the fact that when money is injected not everybody gets it first. The injection of new money to the economy benefits individuals that receive the newly created money first at the expense of those individuals who did not receive the new money at all, or received it late. The early recipients can now purchase a greater amount of goods while the prices of these goods are still unaffected. The early recipients’ real wealth has increased. According to Rothbard in Man, Economy and State,”
The individuals who receive the new money first are the greatest gainers from the increased money; those who receive it last are the greatest losers.
Read at least Nehemiah 5 in the below: