Debt Rattle, April 26 2008: The Velocity of Money

Stoneleigh: The velocity of money is an important concept underpinning the liquidity trap we are entering. John Mauldin has a good explanation as to how it interacts with the money supply in this article, and I suggest that everyone reads the whole piece.What is happening is something we have touched on here before - hoarding. The hoarding mentality is a psychological shift in response to