If I am not mistaken, after Cantillon, Mises may have mentioned this in some of his writings. I know Rothbard definitely made an issue of who gets the benefit of the newly created money and who gets the shaft. I think that since he was being paid on a once or twice yearly basis he might have observed this effect very closely on a first hand basis.

Rothbardian_fanatic

Politics_And_Law

Inflation as a Centralizing Force

I hadn’t thought about this relationship before, but it makes some intuitive sense. 

Cantillon Effects incentivize trying to get access to money nearer where it entered the system. That’s not going to be at the point of sale for a normal business, since customers are the kind of normal people who get the money last. 

So, you need bureaucrats and managers to secure access to money from the financial system or government programs, before it’s been devalued. 