Beyond the debate about the meaningfulness and measurability of the velocity of money, it must nevertheless be noted that the collapse in velocity observed since the great Asian crisis of 1997 is more than just significant. The major economies of the West are clearly still stuck in a kind of economic depression with little or no productivity growth. Policies should be implemented that promote investment, stimulate economic activity in general and put an end to regulatory madness (see Milei). In other words, exactly the opposite of what we are experiencing today, as state quotas are constantly rising and the state, as the great interventionist, can no longer keep its hands off the private sector in order to keep expanding its room for maneuver. In the end, this is all the consequence of state actors trying to use the growing social security system to expand their influence and secure voter potential by making more and more citizens dependent on the state. UBI and CBDC cast their shadows ahead.
I say we all grow conspicuously long sideburns ala Milei's lambchops. This movement needs more visibility.
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And it needs better press coverage which is impossible
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