Cents and Sensibility: the Inflation Guy Podcast
Business:Investing
In this episode of Cents & Sensibility, the Inflation Guy conducts a quick tour of the concept of monetary velocity. Velocity, which is the "V" in the "MV=PQ" equation that is at the heart of monetarism, is oft-maligned and oft-misunderstood. The Inflation Guy explains what velocity is, describes the main drivers of velocity, and suggests why the current setup is potentially concerning for inflation over the next few years.
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