The Banking Crisis and Crypto with Art Laffer
FYI - For Your Innovation
00:00
MV = Price Times Quantity
The rate at which money turns over comes down. We certainly, we saw it crash during COVID, right? And what's interesting, we're watching velocity very carefully and if you look quarter to quarter, it is starting to tip down again. In order for PQ to remain up, I think it is about 5.5% for the first quarter. That V will have to increase, not decrease.
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