5 ms·
The velocity of MZM sits at around 1.3 right now, so it goes back after almost a year of being wasted. But who it goes to after that year matters as well. I wou
by kolbe 7y ago
The velocity of MZM sits at around 1.3 right now, so it goes back after almost a year of being wasted. But who it goes to after that year matters as well. I would prefer Larry Page get the money because he will be able to intelligently allocate it. Or a productive poorer citizen get it to consume wisely. The myriad rent seeking morally defunct (and likely intellectually defunct) people who receive the government kickbacks are a bad set of people to end up with the money after a year. They invest poorly and spend frivolously. But sure, after several years, the money that didn't end up in the China's and the Cartels' pockets will probably back in circulation among the intelligent members of the economy.