Baptized on Credit
David Glasner says "Increasing interest rates increases... the velocity of circulation."I verified that for myself.Scott Sumner agrees with Glasner, saying "velocity is positively correlated with nominal interest rates."But you, Luke, you looked under a different rock and found something interesting. Good post.
David Glasner says "Increasing interest rates increases... the velocity of circulation."
ReplyDeleteI verified that for myself.
Scott Sumner agrees with Glasner, saying "velocity is positively correlated with nominal interest rates."
But you, Luke, you looked under a different rock and found something interesting. Good post.