[mmcconnell1618]

You bring up an interesting point about the velocity of money. Two things come to mind:

1) If wealth distribution in the US is getting more top heavy, is a certain percentage of the currency slowing down in velocity as it is held by wealthier people who aren't spending it?

2) What is the rate of population change vs. the change in money supply? If the population is growing at 5% a year, the money supply growing at 5% a year should be net neutral for inflation. I think the US population is growing less than 1% per year so maybe this isn't really a hedge against inflation.