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]]>A worthy endeavor, no doubt. But right now I don’t have the patience. I will let others do the heavy lifting.

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]]>In one of your posts above you said that “Increasing interest rates increases, not, as you assert, reduces, the velocity of circulation.”

You might be interested in one of my posts where I show that the velocity of money has exactly mirrored interest rates over a period of more than half a century.

http://www.philipji.com/item/2014-04-02/the-velocity-of-money-is-a-function-of-interest-rates

From the graph you may conclude that interest rates alone completely explain the velocity of money. My measure of velocity uses a measure of money that I have drawn up and call “Corrected Money Supply”.

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