> This is a bad take because if that dollar does not transact, you do not get inflation but you get a lowered velocity. > However a lowered velocity rises r -

> This is a bad take because if that dollar does not transact, you do not get inflation but you get a lowered velocity. > However a lowered velocity rises r - g. This exacerbates wealth inequality. The cantillion effect: https://en.m.wikipedia.org/wiki/Richard_Cantillon#Monetary_theory https://en.m.wikipedia.org/wiki/Richard_Cantillon#Monetary_t...