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overtheedge
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has posted a comment on the article :
The Great Myth of Money Velocity
- Jeffrey Lewis -
Just my opinion, but money moves through the economy at varying rates.
Slow might indicate hoarding.
Extreme rapidity usually indicates loss of confidence in the currency.
Perhaps the real problem lays with the formula?
After all, is the formula a physical law or just a consensus opinion?
Economics is NOT a science, but rather a philosophy. For some it appears to be a religion.
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3596 days ago
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The missing variable in the great monetary equation is money velocity. We hear it over and over again, "There is no money velocity." And therefore, inflation cannot be a problem and is not.The missing variable in the great monetary equation is money velocity. We hear it over and over again, "There is no money velocity." And therefore, inflation cannot be a problem and is not.Banks are not loaning, money growth is declining, and demographic headwinds are the predominant forces. The third central...
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chers Vladi,il est lor, oui, effectivement, et alors ? un fonctionnaire crée de la richesse ? creuser des trous crée de la richesse ? si nous arrêtions, pour voir, de payer nos impôts, vos 55, fonctionnaires compris, font quoi fin du mois ? merci d'expl
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- 20/04/2013 à 20:03 GMT
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