• Washingtons Blog
When an economy is healthy, there is lots of buying and selling and
money tends to move around quite rapidly. Unfortunately, the U.S.
economy is the exact opposite of that right now. In fact, as I will
document below, the velocity of M2 has fallen to an all-time record
low. This is a very powerful indicator that we have entered a
deflationary era, and the Federal Reserve has been attempting to combat
this by absolutely flooding the financial system with more money. This
has created some absolutely massive financial bubbles, but it has not
fixed what is fundamentally wrong with our economy.....
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