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How the False Belief in Monetary Velocity May Intensify Future Inflation

Mainstream economists falsely believe the current low level of monetary velocity (the number of times one dollar is spent to buy goods and services per unit of time) prevents price inflation from getting out of hand despite recent record levels of monetary expansion. Christopher Casey of WindRock Wealth Management discusses the fallacy of monetary velocity and the dangers created when mainstream economists rely upon it.  October 2015.