“The velocity of money is the frequency at which one unit of currency is used to purchase domestically- produced goods and services within a given time period. In other words, it is the number of times one dollar is spent to buy goods and services per unit of time. If the velocity of money is increasing, then more transactions are occurring between individuals in an economy.”
This graph shows us that instead of being employed as economic grease, the trillions of dollars injected into the economy merely slipped into the pockets of the already wealthy. A heist of extraordinary proportions.
fred.stlouisfed.org/series/M2V
h/t JTRIG_trainee
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