1、Chairman Ben Bernanke and his cohort may print a lot of money (and they did), but there's almost nothing they can do to speed the velocity of money.
2、People's willingness to hold money can change suddenly for a "psychological and spontaneous reason", causing a spike in the velocity of money.
3、At this point we had better pause to examine that least controllable and most mysterious of all elements in the machine, the velocity of money.
4、The velocity of money refers to the speed at which the typical dollar bill travels around the economy from wallet to wallet.
5、From the life cycle model of consumption and saving, the main result that the circulation velocity of money is determined by marginal propensity to save and time preference which are involved in decision making of consumption and saving is deduced.
