@devil9
The Velocity of Money and Asset Valuation:
This document explores the crucial relationship between the circulation of money, its inherent depreciation, and the resulting impact on asset valuations. It argues that money, akin to an electric current, must flow rapidly to acquire assets that appreciate or generate cash flow, as its value diminishes over time. The rising prices of real assets like gold, oil, and real estate are attributed to the declining value of money rather than changes in their intrinsic worth.
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