FundMECFS@lemmy.blahaj.zone to Bluesky@lemmy.world · 6 days agoThis is how we should be selling redistributionimagemessage-square150linkfedilinkarrow-up1995arrow-down126file-textcross-posted to: Capitalism
arrow-up1969arrow-down1imageThis is how we should be selling redistributionFundMECFS@lemmy.blahaj.zone to Bluesky@lemmy.world · 6 days agomessage-square150linkfedilinkfile-textcross-posted to: Capitalism
minus-squareKnock_Knock_Lemmy_In@lemmy.worldlinkfedilinkarrow-up1arrow-down2·edit-25 days agoYour definition is pretty close to theory. V_{T} M = P T V_{T} is the velocity of money for all transactions in a given time frame; P is the price level; T is the amount of transactions occurring in a given time frame; M is the total nominal amount of money in circulation on average in the economy
Your definition is pretty close to theory.
V_{T} M = P T
V_{T} is the velocity of money for all transactions in a given time frame;
P is the price level;
T is the amount of transactions occurring in a given time frame;
M is the total nominal amount of money in circulation on average in the economy