> the velocity of money is really low For those curious (like I was) about the exact numbers for that I quickly found this chart [1] from the St Louis Fed that

> the velocity of money is really low For those curious (like I was) about the exact numbers for that I quickly found this chart [1] from the St Louis Fed that strongly demonstrates OP's point. Only partially related to this, the sustained downward trend starting with about 2006 is really interesting, I'm wondering if there are any (relatively) recent papers written about this phenomenon. [1] https://fred.stlouisfed.org/series/M2V https://fred.stlouisfed.org/series/M2V