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Societies for the History of Economics

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Subject:
From:
Mason Gaffney <[log in to unmask]>
Reply To:
Societies for the History of Economics <[log in to unmask]>
Date:
Mon, 16 Nov 2009 15:20:43 -0500
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The cynical view is that "stability of velocity" is a myth, whose only
apparent function is to avoid dealing with the observed fact that velocity
is volatile, both cyclically and secularly. New media of exchange, indeed,
could be viewed as increasing the velocity of the older media.

Mason Gaffney

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