Arno Mavole

Arno Mavole

@arnabridged.bsky.social

5 followers5 following126 posts

This graph shows the velocity of money in the UK from 1963 to 2023. This is the average number of times money changes hands in a year, excluding financial institutions (the M4ex measure) such as stock traders. Looks like there was a fundamental change in 1979 that has never been reverted.

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