Lee’s Free Thinking

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Here’s Why Everyone is Confused About Economism’s Most Useless Concept

I’m talking about the Velocity of Money. It does not measure speed of transactions. Whoever came up with that concept was full of crap. And as usual with most crap in eConomics and finance, it became accepted as religious Truth. 

Which confuses the issues. eConomists like it that way. When they confuse everybody with their nonsense, they feel powerful.  So let’s cut through the crap and see the game they’re playing for what it is.