I wouldn't mind lower prices. I really want money to move farther. (naive take incoming)
Consider the velocity of money: GDP / money supply. There are 3 distinct eras that the FRED has tracked - Cold War, pre-2008, post-2008. If velocity is to be believed, money moves less than it ever has. It sits in assets of various types (stocks, land, crypto, metals) waiting to be spent when the need arises. Why the country waits, I do not know.
Perhaps I have a fundamental misunderstanding of velocity, treating it like a term of physics. I am not an economist, so wouldn't mind the correction from one - if it's warranted. But if I'm directionally correct then growing GDP without "going brrr" is highly desirable. The question is, what missions would convince the Haves to open their portfolios & spend within the country?
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I wouldn't mind lower prices. I really want money to move farther. (naive take incoming)
Consider the velocity of money: GDP / money supply. There are 3 distinct eras that the FRED has tracked - Cold War, pre-2008, post-2008. If velocity is to be believed, money moves less than it ever has. It sits in assets of various types (stocks, land, crypto, metals) waiting to be spent when the need arises. Why the country waits, I do not know.
Perhaps I have a fundamental misunderstanding of velocity, treating it like a term of physics. I am not an economist, so wouldn't mind the correction from one - if it's warranted. But if I'm directionally correct then growing GDP without "going brrr" is highly desirable. The question is, what missions would convince the Haves to open their portfolios & spend within the country?
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