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Challenging Your Confirmation Bias, with Economist Larry Kotlikoff
Afford Anything
Why the Markets Are Behaving This Way?
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The classic theory about the impact on prices for a given amount of output is that it's the amount of money, amountd like dollar bills, times their rate of circulation. So if velocity goes down, then oris velocityis gon. It based on your expectations. And if people expect a price to go up, then they turn money into a hop petato and don't hold on to it because they don't wato be stuck with worthless money. Right now velocity is very low, because people believe, in general, that the prices are not going to rise very rapidly. But if that changes, and that that belief can change on the diamond, then velocity could go up. If
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