Parman - Activate OP_GFY now!! on Nostr: Arguing that "velocity of money" causes inflation (or has anything to do with it) is ...
Arguing that "velocity of money" causes inflation (or has anything to do with it) is EXACTLY the same as a technical analyst trader thinking volume causes the price of a stock to go up.
This is obviously nonsense once you understand the analogy.
Published at
2024-09-08 11:06:40Event JSON
{
"id": "fe8e14d1d0004b8597b3c7070387a0fb2a7c2dff0fd368006c16b7505ef92df3",
"pubkey": "fad6540c8f2fd2a16a25d0d82dd95d3bad7890d435d1690848a0a77d2883a447",
"created_at": 1725793600,
"kind": 1,
"tags": [],
"content": "Arguing that \"velocity of money\" causes inflation (or has anything to do with it) is EXACTLY the same as a technical analyst trader thinking volume causes the price of a stock to go up.\n\nThis is obviously nonsense once you understand the analogy.",
"sig": "6d08a8112a47b13a8ffb8db88dedfe4273df347a9c2134e484456898c6c8d4341d9bd30ea41cb64ed79d9161e998c432d332fee61654aa2443114bdb34388fde"
}
