I wouldn’t say totally different - future productivity is certainly impacted by inflation, no?
I was trying to imagine how an increase in economic activity could create lower velocity.
Sure, maybe after some period of time, but ‘in the now’?
Post by twetch#1489
Since GDP is in the numerator, you can link velocity to economic activity supposing money supply is constant, but one thing is present and another is future economy.
What the chain says
- Block
- 633 873
- Time
- 2020-05-07T19:30:15Z
- Signer
- 1G7DLq695juhR7QFz5jn1AaXH55Hxn4kZS
- App
- twetch
- Type
- post
- Content type
- text/plain
- Name in tx
- twetch#1489
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