So, to see ‘value in velocity’ requires decomposing the scenario and isolating the ‘environment’ in which the commerce happens; errantly attributing the lion’s share of value creation to ‘the system’, not the individuals transacting.
ie: ‘exit mentality’
People can transfer money back and forth to one another (that is, increase velocity) without increasing any motivation for savings. That means that the value doesn't go up and you shouldn't buy more. Value is what makes people want to save.
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1Abd9yJS6mrzMmj1Ni6kjQB9GqtyaNujrm VerifiedSo, if Savings are low while Velocity is high, isn’t the inference that the Value is Inflated?
How can Velocity fix a problem it created without a market-wide Correction?
But saving isn't necessarily hoarding cash, right? Usually it is not.
Yes savings means the amount you hold in cash.
This is fair. What are some other forms of saving?
If it doesn't increase GDP it doesn't increase velocity.
GDP is a scam!!!
Maybe doesn’t rise to a scam, outright.
A tool, yes. Abused? Sure.
All sorts of rubrics become attractors in capitalist systems; that’s the point, right?
So we need to ‘be the wiser’ + shepherd our use of old + new tools .. vs succumb to their tendencies.
Maybe doesn’t rise to a scam, outright.
A tool, yes. Abused? Sure.
All sorts of rubrics become attractors in capitalist systems; that’s the point, right?
So we need to ‘be the wiser’ + shepherd our use of old + new tools .. vs succumb to their tendencies.