Um. I don’t think you have that quite right. The velocity of money is the gdp in

Um. I don’t think you have that quite right. The velocity of money is the gdp in time period over the money supply. So what yu’re implying is that if the money supply is increased then the velocity goes down. But that’s only true of the supply of money is not limiting the production of gdp – which it does. And so does interest. Especially consumer interest – for which tehre is no logical utility. The value of interest lies in the bringing forward of production in time, in competition with other attempts to bring forward producction in time. For the people, if they’re borrowing from themselves that’s already accounted for by their consumption.

Reply addressees: @henge_j