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I explain the problems by first starting with a very simple idealised economy in which money velocity is well-defined and is perhaps somewhat useful. I then add complications that appear in the real world which make velocity effectively impossible to measure....Bond EconomicsWhy We Cannot Measure Money Velocity DirectlyBrian Romanchukhttp://www.bondeconomics.com/2021/11/why-we-cannot-measure-money-velocity.html
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I explain the problems by first starting with a very simple idealised economy in which money velocity is well-defined and is perhaps somewhat useful. I then add complications that appear in the real world which make velocity effectively impossible to measure....Bond EconomicsWhy We Cannot Measure Money Velocity DirectlyBrian Romanchukhttp://www.bondeconomics.com/2021/11/why-we-cannot-measure-money-velocity.html
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Mike Norman considers the following as important:
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I explain the problems by first starting with a very simple idealised economy in which money velocity is well-defined and is perhaps somewhat useful. I then add complications that appear in the real world which make velocity effectively impossible to measure....Bond Economics
Why We Cannot Measure Money Velocity Directly
Brian Romanchuk
http://www.bondeconomics.com/2021/11/why-we-cannot-measure-money-velocity.html