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To: cgbg
Money supply is one factor, the velocity of money is another.

The velocity of money is a fudge factor. It doesn't predict anything.

15 posted on 08/27/2023 8:48:08 AM PDT by Toddsterpatriot (TANSTAAFL)
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To: Toddsterpatriot

Agreed—velocity is not a predictor—it is what it is at any given point in time.

That is part of what makes the economic “experts” get their predictions wrong.


16 posted on 08/27/2023 8:50:39 AM PDT by cgbg ("Creative minds have always been known to survive any kind of bad training." Anna Freud.)
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