LeatherMint on Nostr: I would refer back to this note. ...

I would refer back to this note.

quoting nevent1q…tyu8

If the velocity is low then it means very few people are spending. If very few people are spending it means that very few needs/want are fulfilled by the economy which mean not many people are creating value. Essentially, the people are poor.

Velocity is important, but not as a way to control inflation.

I don't see what else could be analized.

Sure, if there is less barrier to commerce with easier money to use then I would generaly say it's good. But again we're really just saying it's good when more people fulfills each others needs.

What more would you expect from knowing that people are spending more or less?