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This is how we should be selling redistribution
(lemmy.blahaj.zone)
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this post was submitted on 19 May 2025
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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