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Parman - Activate OP_GFY now!! 1y ago

Arguing that "velocity of money" causes inflation (or has anything to do with it) is EXACTLY the same as a technical analyst trader thinking volume causes the price of a stock to go up.

This is obviously nonsense once you understand the analogy.

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The Fertile Crescent 1y ago

Because velocity of money and volume are both symptoms not causes?

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Abstract Equilibrium 1y ago

Add leverage to both analogies and, causality aside, the outcomes around both seem natural

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btcschellingpt 1y ago

“Velocity of money” is a fave in the current credit economy solely because of all the ticket clipping