You're right! I could not remember exactly where I learned about "Velocity of Money", but that was most probably from Jim Rickards indeed. I read his book 'Currency Wars' a few years ago. Very interesting book! Thanks for pointing that out!
RE: The real reason why Steem will make you rich is the low 'velocity' of Steem!
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The real reason why Steem will make you rich is the low 'velocity' of Steem!
No worries, yes good material from Jim, hats off to you though for making me think of how Money Velocity will effect the future price of Steem.
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