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Money Velocity Debunked
Lately, many people are still saying we have deflation right around the corner and that the current inflation is temporary because they are clinging to old, broken models of the economy that just don't work. Money Velocity as necessary for inflation not only fails in light of current reality, but it also doesn't hold up to scrutiny when looking at how it is calculated.
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0:00 Intro
1:06 What is Money Velocity
1:53 Why GDP is Wrong
2:46 Money is Not Quantifiable
3:49 The Rationale for the Velocity Argument
5:26 How Inflation Happens w/out Velocity
7:13 Does Velocity Matter At All?
8:30 Conclusion
I am not a CPA, attorney, or licensed financial advisor and the information in these videos shall not be construed as tax, legal, or financial advice from a qualified perspective. Linked items may create a financial benefit for Heresy Financial.
#velocity #inflation #economics
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