The Great Depression

  • Benjamin Roth: The Great Depression: A Diary

    Benjamin Roth: The Great Depression: A Diary
    It's all here, times change people don't -the endless govt programs that fail to stimulate the private sector -the ups and downs of the economy, the veterans pension stimulates just as the housing credit did, until of course the money runs out -Roth is a attorney in Youngstown Ohio who kept a diary regarding the economy from 1930 until WW II breaks out, he is objective, candid, and forthright which is more than we get from Washington DC now or then highly recommended

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February 01, 2020


A.M. Putman

Hello Professor,
Hope you are well and had safe travels.
I can't help but to ask myself this question. How fast is the velocity of money increasing and does it even matter? My understanding is that the rate at which money changes hands can exacerbate normal inflation and lead to higher stock and commodity prices(ceteris paribus). Based on the amount of transactions that I see in my own industry over the last few years, it seems evident that velocity of money is increasing. On the other hand, FRED shows velocity to be very anemic at this time. Also, Do you think velocity of money correlates with social mood? ie. as social mood decreases, money velocity decreases and visa versa? Do you think if Trump wins the election,could we see a bigger increase in velocity based on the China and USMCA and other deregulations? It would be great to know your thoughts on this subject. Thank you.

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