According to data from the St. Louis Federal Reserve, the velocity of money (M2) continues to slow down... I think this is one reason why Ben B keeps printing money via QE3---those inflationary pressures from money creation should help to offset the deflationary pressures of slowing velocity.
Thursday, September 27, 2012
Velocity of Money is Slowing
According to data from the St. Louis Federal Reserve, the velocity of money (M2) continues to slow down... I think this is one reason why Ben B keeps printing money via QE3---those inflationary pressures from money creation should help to offset the deflationary pressures of slowing velocity.
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