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You didn’t talk about velocity of money at all. That’s a big warning flag to me.
by __blockcipher__ 9y ago
You didn’t talk about velocity of money at all. That’s a big warning flag to me.
- WalterBright 9y agoI don't agree with the theory that spending the money faster is the same thing as having more money, which is why I discount the velocity of money theory of inflation.