2 ms·
> Welfare doesn't make as many hops through the economy as defense spending. What does that mean?
by Afton 16y ago
> Welfare doesn't make as many hops through the economy as defense spending.
What does that mean?
- protomyth 16y agoSorry, should have given references. The concept is called velocity of money http://en.wikipedia.org/wiki/Velocity_of_money http://en.wikipedia.org/wiki/Velocity_of_money Although, I learned a slightly different definition than the wikipedia article. When I saw the studies, it was defined as "Number of different players a $ changed hands from before returning to the government". The study I saw said each $ spent on defense made 12 jumps, where each $ spent on welfare made 7 jumps.
- Afton 16y agothanks. Interesting idea.