Honestly, the cantillon effect is a red herring because any form of spending, it doesn't matter if the money is physically printed as a bank note with no debt backing it or simply spent from savings in a gold standard. If you divide the economy into two sectors, your bank account and the rest of the economy, then spending off your bank account will create a net increase in the money supply in the rest of the economy, this will raise prices in close proximity to you. Or in other words, the cantillon effect describes how price signals propagate through the economy. The strange thing is that people have this fixation on "printed" money causing inflation but as I mentioned, the cantillon effect also applies to normal spending of money that was received via taxes. If you ban the "printing" of money as we have already done by establishing central banks the cantillon effect remains.

Where do we find proof of the cantillon effect then? Government spending as a percentage of GDP and subsequent public sector employment but then again, this isn't something new, it is boring and obvious, not some conspiracy of the government scheming against you.