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Tue Oct 26 12:12:30 +0000 2021

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Paul Krugman @paulkrugman

Thinking of this in terms of the velocity of money is itself a misunderstanding. When you're in a liquidity trap, with short-term rates near zero, the quantity of money is both endogenous and irrelevant 2/ — PolitiTweet.org

Posted Oct. 26, 2021