The velocity of money is due to the confidence the people have in their futures,

The velocity of money is due to the confidence the people have in their futures, and the confidence of business, industry, and finance in risking on research, investment capitalization, production, distribution and sales that eventually end up in the hands of other businesses and consumers.
The greatest systemic restraint to this process is the availability of money to do so at a price that accomodates the risk and the production distribution and sale cycle extends with increasingly complex networks of production – especialy those that involve the i-pencil problem.

I suspect you like 99% of folks with some libertarian economic background haven’t made the transition from thiking in terms of money and assets to thinking in terms of time -becuase all assests, and all asset substitutes (money) are just stores of time. That is why they are variable. Becuase the value of time to ech person at every moment differes. Thankfully it averages out so prices are stable enough for price imputation and therefore risk calculation by invsetors and entrepreneurs.

Reply addressees: @henge_j