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A comment on How does the economy work? A new Fed paper suggests nobody really knows. Parent comment

Re:How does the economy work? A new Fed paper suggests nobod... by edzillion on Sunday October 03, 2021 @02:16PM (#28739222)
> This is a bad take because if that dollar does not transact, you do not get inflation but you get a lowered velocity.

> However a lowered velocity rises r - g. This exacerbates wealth inequality.

The cantillion effect:

https://en.m.wikipedia.org/wiki/Richard_Cantillon#Monetary_t...

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