Season 1 · Episode 8
Influencing the Speed of Money
Debunking Economics - the podcast · Steve Keen & Phil Dobbie
November 18, 201620m 50s
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Show Notes
Milton Friedman had a theory that the wealth of a nation was determined by the amount of money and the velocity of that money. In other words, if we exchanged money more quickly we’d all be better off. Phil Dobbie asks Professor Steve Keen if Friedman’s theory is correct and, if so, why doesn’t government policy focus on speeding up money?
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