5 ms·
> Right, you're talking about the velocity of money (https://www.aier.org/article/what-money-velocity-and-why-doe... https://www.aier.org/article/what-money-vel
by spiralx 7y ago
> Right, you're talking about the velocity of money (https://www.aier.org/article/what-money-velocity-and-why-doe... https://www.aier.org/article/what-money-velocity-and-why-doe...) which I find a fascinating concept.
Actually the relevant concept is the marginal utility of wealth:
https://www.economicshelp.org/blog/12309/concepts/diminishing-marginal-utility-of-income-and-wealth/ https://www.economicshelp.org/blog/12309/concepts/diminishin...