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In this episode, I take a quick look at the bitcoin price, and then dive into an article from Michael Lebowitz syndicated on Zerohedge about velocity and inflation. I get frustrated by the lack of clarity around the terms inflation and velocity. By the end of the episode, after looking into what velocity is, I come to the conclusion that velocity means "squat". Enjoy.

Links

• Velocity And Money Supply - Inflation's Dance Partners
• Velocity formula

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#bitcoin #macro #geopolitics