3 ms·

Does the count need to increase or simply the velocity of those dollars?

• ItsMonkk 5y ago
  One of the goals of keeping the money supply equal to the value of assets is a stable velocity. The stable velocity might end up the more important aspect, but I don't yet have a perfect intuition on how that works.
  • rileymat2 5y ago
    How is this possible as we have increased access to credit?
    • ItsMonkk 5y ago
      In a fair system with no rent-seeking, you wouldn't. If the money supply is increasing at a rate faster than assets, you would raise the interest rate.