dlakelan , 1 month ago Further continuation of the discussion of economic theory and how it failed over the last 20-30 years at Gelmans blog https://statmodeling.stat.columbia.edu/2024/05/11/is-it-really-the-economy-stupid/#comment-2372170 I link to a dimensionless ratio that is basically "velocity of M2 money" and argue why its strong trend downwards since 2000 was part of essentially a financial scheme to rob the avg person and make the ultra wealthy even more ultra wealthy. @economics-that-works #economics #mmt #money
Further continuation of the discussion of economic theory and how it failed over the last 20-30 years at Gelmans blog
https://statmodeling.stat.columbia.edu/2024/05/11/is-it-really-the-economy-stupid/#comment-2372170
I link to a dimensionless ratio that is basically "velocity of M2 money" and argue why its strong trend downwards since 2000 was part of essentially a financial scheme to rob the avg person and make the ultra wealthy even more ultra wealthy.
@economics-that-works #economics #mmt #money
