Chris Liss on Nostr: Never understood the importance of the “velocity of money” before, but think ...
Never understood the importance of the “velocity of money” before, but think I’m getting it. The smaller the circulating supply in comparison to the overall debt, the faster it needs to move to fill in all the gaps.
If it moved at the speed of light, the same $1 could cover everything. If it moves slowly, you need more liquidity to fill the myriad gaps between what people imagine they have and the amount available to them on call.
If it moved at the speed of light, the same $1 could cover everything. If it moves slowly, you need more liquidity to fill the myriad gaps between what people imagine they have and the amount available to them on call.