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Bluesky Social is a microblogging social platform being developed in conjunction with the decentralized AT Protocol. Previously invite-only, the flagship Beta app went public in February 2024. All are welcome!

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This is how we should be selling redistribution (lemmy.blahaj.zone)

submitted 5 days ago by [email protected] to c/[email protected]

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https://www.aol.com/wealth-evenly-distributed-across-america-120133820.html

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[–] [email protected] -1 points 5 days ago* (last edited 5 days ago)

Your definition is pretty close to theory.

V_{T} M = P T

V_{T} is the velocity of money for all transactions in a given time frame;

P is the price level;

T is the amount of transactions occurring in a given time frame;

M is the total nominal amount of money in circulation on average in the economy