At the Federal Reserve, they call it “Secular Stagnation,” but before we dive into that, a little foundation.
Prior to the creation of the Federal Reserve (a central bank), the U.S. 740 more words
People still cling to the myth that the velocity of money has declined in the last 10 years or so. Because of the way the so called money velocity is calculated newly created money must increase gross domestic product in order to affect the money velocity value. 213 more words