Yes, agreed. Velocity is a critical component. Excellent point about slow velocity during the pandemice. So lots of money creation during/ongoing coupled with higher velocity now will lead to massive inflation. (Especially if people are concerned about inflation and want to buy before prices go up!)
Yes, agreed. Velocity is a critical component. Excellent point about slow velocity during the pandemice. So lots of money creation during/ongoing coupled with higher velocity now will lead to massive inflation. (Especially if people are concerned about inflation and want to buy before prices go up!)
Yes, agreed. Velocity is a critical component. Excellent point about slow velocity during the pandemice. So lots of money creation during/ongoing coupled with higher velocity now will lead to massive inflation. (Especially if people are concerned about inflation and want to buy before prices go up!)