Thursday, April 7, 2016

Money Supply and the Velocity of Money

Money Supply and the Velocity of Money: The Mainstream View of Money Velocity is flawed. It compares the movement of money like movement of an object in the science of physics. All of it is based on the notion of the equation of exchange. Analysis of that equation and the notion of "The Velocity of money" will be covered at another time.


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Robert Williams said...

Thanks Leslie Lim!