Money is worse when its velocity is low. This is associated with hoarding of cas... | Hacker News

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		goldenkey on Aug 13, 2020 \| parent \| context \| favorite \| on: Bertrand Russell's argument for idleness is more r... Money is worse when its velocity is low. This is associated with hoarding of cash. The world could have 10000T in cash but if no exchange happens, everyone is poor.

brokenmachine on Aug 14, 2020 [–]

Endless consumption is a delusion, regardless of how much "better" the economy appears.

Idleness doesn't necessitate consumption, and it's interesting that that conclusion was jumped to.

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