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by Kranar
296 days ago
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Concentrated wealth along with a lack of currency circulation results in deflation, not inflation: https://en.m.wikipedia.org/wiki/Velocity_of_money Pretty ironic that you'd call out economic chops when this is a very basic and well understood principle. Perhaps be more cautious and less confident in your presuppositions going forward. |
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The fact that you’re the only one to point it out makes me think that I have put too much faith here.
It’s patently obvious that less circulation is a depressive force on economic activity.