cm0002@lemmy.world to memes@lemmy.world · 3 months agoThe Ouroboroslemmy.mlimagemessage-square21linkfedilinkarrow-up111
arrow-up111imageThe Ouroboroslemmy.mlcm0002@lemmy.world to memes@lemmy.world · 3 months agomessage-square21linkfedilink
minus-squareCarbonIceDragon@pawb.sociallinkfedilinkarrow-up0·3 months agoIsn’t cycling around kind of what money does though, just generally with a lot more links in the chain?
minus-squareBeeegScaaawyCripple@lemmy.worldlinkfedilinkarrow-up1·3 months agoyeah it’s called “velocity of money” in economics terms. the US currently expects each dollar bill to change hands around 110 times a year.
Isn’t cycling around kind of what money does though, just generally with a lot more links in the chain?
yeah it’s called “velocity of money” in economics terms. the US currently expects each dollar bill to change hands around 110 times a year.