3 ms·
But isn't the need to buy food to eat a certain guaranteed base level of velocity?
by Andys 6y ago
But isn't the need to buy food to eat a certain guaranteed base level of velocity?
- skybrian 6y agoYou do need a certain amount of spending, but that's M*V, not V. More money means less of it needs to circulate to cover spending on food. (If amount spent on food is fixed.) But this is based on a very simple model that doesn't take inequality into account at all.