Justice Litle

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Run, Rabbit, Run! The Importance of Monetary Velocity
By Justice Litle - January 8, 2009
How can deflation fears be on the rise even as the Fed pumps trillions of dollars into the system? To answer that question, let’s examine the concept of “monetary velocity.”
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It is estimated that the total amount of gold mined up to the end of 2011 is approximately 166,000 tonnes.