The velocity of money has been slowing since the eighties. Is it being driven by rising levels of credit?
Do we really understand what the main drivers of inflation are? Because whatever they are, they seem to be missing at the moment.
Climate is changing and we don’t seem to be eager to stop it. Is there a way economics can be deployed to change our ways?
Milton Friedman’s formula, on how the speed of money influences inflation and growth, missed on vital ingredient.