What Does The Velocity of Money Have To Do With High Inflation?
May 26, 2023
All individuals, based on their own circumstances, decide whether to save, invest, or spend their money. What each person expects to happen in the future plays an important part of the decision. This is the prime reason why trying to treat the economy as a mechanical process is fundamentally wrong. Central planners, and their use of “tools” and “models” to manipulate money always ends up in failure. Life is far too complex, and their “models” can never account for all of variables involved in each individual decision. We need sound money and free markets; not The Fed.
Executive Director of the Ron Paul Institute for Peace and Prosperity and co-Producer/co-Host, Ron Paul Liberty Report. Daniel served as the foreign affairs, civil liberties, and defense/intel policy advisor to U.S. Congressman Ron Paul, MD (R-Texas) from 2001 until Dr. Paul’s retirement at the end of 2012. From 1993-1999 he worked as a journalist based in Budapest, Hungary, and traveled through the former communist bloc as a human rights monitor and election observer.
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