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> why monetary velocity is crucial for the health of an economic system I sincerely doubt it takes a university education to understand that more money changin
by mieseratte 7y ago
> why monetary velocity is crucial for the health of an economic system
I sincerely doubt it takes a university education to understand that more money changing hands is a good sign of a healthy economy. They do still teach civics and economics in high school.
It also doesn't take a degree to know that giving money to someone, or in this case something, with no incentive to act right is a bad thing.
- toomuchtodo 7y agoDisagree on both points. Basic personal finance isn’t even taught in high school. Witness the financial illiteracy rate of the general public. And it entirely makes sense to expunge debt that shouldn’t have existed because of broken public policy and an ignorant electorate that withdrew public funding from higher education, necessitating the need for education loans. I understand it might be difficult for some to understand this concept, which is why you push forward despite the opinion of those people.