4 ms·
I think it's called "speed of money" or something similar, but I do wonder how much of which federal dollars end up as profit in an account versus circulating t
by hirsin 3y ago
I think it's called "speed of money" or something similar, but I do wonder how much of which federal dollars end up as profit in an account versus circulating the economy. Wages to USPS employees - probably spent very quickly/high speed. Money sent to Raytheon - probably fifty/fifty on IC wages and COGS (high speed, ish) and fat cats (boards, CEOs). Yes, yes, they go put money in the stock market, but that's fairly low speed.
My guess is defence spending is much lower speed than NASA or medical programs.
- jmalicki 3y agoUsually it's called velocity, not speed, but point stands. https://en.wikipedia.org/wiki/Velocity_of_money https://en.wikipedia.org/wiki/Velocity_of_money