this post was submitted on 07 Jun 2024
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the debt (lemmy.world)
submitted 5 months ago by Varven@lemmy.world to c/memes@lemmy.ml
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[–] Semi_Hemi_Demigod@lemmy.world 6 points 5 months ago

When money is not in circulation, it’s not being used to pay for goods and services…it’s just…sitting there being hoarded.

This is why I think the velocity of money should be a key economic indicator. Money moving around and doing work is what makes an economy better for everyone. When it starts to pool in the economy it slows down and benefits only a few.

This is another thing I learned from "Making Money"