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A comment on Show HN: M1 Chart – The stock market adjusted for the US-dollar money supply. Parent comment

Re:Show HN: M1 Chart – The stock market adjusted for the US-... by dragonwriter on Saturday February 13, 2021 @09:09PM (#26129038)
> Since M1 is already out there, we just have to wait for the V

M1 can change day to day without change of the monetary base by behavior changes, and the Fed can reduce monetary base pulling down on M1 through open market policies. M1 is already out there means little, because it's not fixed.

> Most importantly, without high M1, high M1V is not possible

False. There’s no hard limit on V, so you can arbitrarily high “M1V” with any M1.

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Re:Show HN: M1 Chart – The stock market adjusted for the US-... by cft on Saturday February 13, 2021 @09:15PM (#26129073)
> False. There’s no hard limit on V, so you can arbitrarily high “M1V” with any M1.

There's definitely a limit on the number of transactions. V ~ N_transactions_per_day * M1. With the fixed M1 you can up V only by upping N_transactions_per_day. Am I missing something?

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Re:Show HN: M1 Chart – The stock market adjusted for the US-... by tylerhou on Saturday February 13, 2021 @09:48PM (#26129208)
num_transactions_possible is so high that it’s effectively unlimited.

It also doesn’t take into the size of of transactions.

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