velocity of circulation การใช้

• Part I is a lucid and balanced statement of economic and monetary principles ( particularly interesting on the division of labour but deficient on interest rates and the velocity of circulation ).
• The criticism that social credit policies are inflationary is based upon what economists call the quantity theory of money, which states that the quantity of money multiplied by its velocity of circulation equals total purchasing power.
• Ludwig von Mises said " The main deficiency of the velocity of circulation concept is that it does not start from the actions of individuals but looks at the problem from the angle of the whole economic system.
• It presented them with two unenviable alternatives : hoarding ( which apparently happened on an appreciable scale, leading to a large increase in the amount of money in circulation, while the velocity of circulation dropped ), or investing abroad.
• "I would be wary of the use of M4 as a leading indicator due to the distortions linked to the gilt repo market and falling velocity of circulation, " said James McKay, a U . K . economist at PaineWebber.
• Imports like coffee became very expensive, and ersatz substitutes were found . ( Massey 1952 ) Confederate asset price stabilization policies appear to have increased the velocity of circulation, and counterproductively channeled inflationary pressures into other areas of the economy.
• It was Fisher who ( following the pioneering work of Simon Newcomb ) formulated the quantity theory of money in terms of the " equation of exchange : " Let " M " be the total stock of money, " P " the price level, " T " the amount of transactions carried out using money, and " V " the velocity of circulation of money, so that