Michael Snoyman on Nostr: I agree with not dictating monetary policy. But velocity of money would still be ...
I agree with not dictating monetary policy. But velocity of money would still be useful in analysis of the economy, e.g. “despite the fact that the money supply itself did not increase, we experienced an increase in velocity of money due to introduction of faster payment settlement technologies which resulted in an increase in the average price level.”
Not at all saying that statement is accurate, just saying velocity could be used as a tool of analysis.
Published at
2025-01-19 14:09:19Event JSON
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