In the short term, velocity of money matters too. Even awash in money, if nobody borrows it, or nobody spends it, there is no pressure on prices.
In the long term, you are correct I think.
In the short term, velocity of money matters too. Even awash in money, if nobody borrows it, or nobody spends it, there is no pressure on prices.
In the long term, you are correct I think.
No replies yet.