One of the few non Austrian economics ideas that makes sense to me is velocity is money. The more often the same unit of money is used in transactions, the larger it’s impact on things like inflation. However, per my understanding, Austrian economics does not use this concept. Can anyone explain how Austrian economics addresses this? #economics #asknostr
I know it shouldn’t surprise me anymore, but the combination of entitlement, arrogance, and complete and utter stupidity is an impressive feature of Reddit https://www.reddit.com/r/rareinsults/s/ZOKtn6NEsG