https://fred.stlouisfed.org/series/M1V
So can anyone tell me what happens when the amount of money circulated exceeds the GDP ?
So can anyone tell me what happens when the amount of money circulated exceeds the GDP ?
When I was young Fiats used to rust out pretty quickly. I had a friend that owned one. He was going around a curve one day, and all of a sudden he couldn't steer the car anymore....The steering arm bolts had rusted out of the frame..... No more Fiat..
https://fred.stlouisfed.org/series/M1V
https://fred.stlouisfed.org/series/M1V
"I fancied myself as some kind of god....It is a sort of disease when you consider yourself some kind of god, the creator of everything, but I feel comfortable about it now since I began to live it out.” -- George Soros