4 ms·
The logic of American economic policy relies on a large velocity of money driven by consumer habits. It is tautological, and it is obsolete in the face of the e
by uoaei 8mo ago
The logic of American economic policy relies on a large velocity of money driven by consumer habits. It is tautological, and it is obsolete in the face of the elite trying to minimize wage expenses.
- SR2Z 8mo agoHow is it obsolete? If everyone is unemployed and a few AI barons are obscenely wealthy, the velocity of money will be low. Seems to me like that's still a worthy goal.
- SR2Z 8mo agoHow is it obsolete? If everyone is unemployed and a few AI barons are obscenely wealthy, the velocity of money will be low because most people will be broke. Seems to me like that's still a worthy target if chasing it fights that outcome.