Great way to illustrate velocity of money
So in class today we discussed the 'velocity' of money, in other words, the number of times money is exchanged in transactions throughout a period of time.
Check out this webpage which actually tracks dollar bills as they are moved throughout the country. Pretty fascinating and illustrates exactly what we mean by velocity.
Where's George
posted by Sam @ 12:06 PM
3 comments
3 Comments:
I just saw one of these the other day -- a dollar bill with a red stamp and a URL on it.
What's up Liu! Just wanted to say that.
Jairo.
In regards to those "georges" I have kind of been following those from time to time, I seem to run into them quite often.
Those damn Georges move really quick.
I used one, and then checked where it was an it was almost half way across the country by the next day.
Okay, that's it.
Later.
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