6 ms·
They said "net worth" which is assets not cash that's being spent. M0 would shoot up which causes inflation. If they said "income" it'd still shoot up the velo
by arbor_day 1y ago
They said "net worth" which is assets not cash that's being spent. M0 would shoot up which causes inflation.
If they said "income" it'd still shoot up the velocity of money, since poor people have higher spending rates.