@CodexArcanum

In developed economies with modern financial systems there really is practically no concept of stationary money.

Even money sitting in a bank account isn't actually just sitting there. The account is credited the balance, but the money is being used to fund loans, and such.

Sure, velocity may increase or decrease in response to the economic environment, but even that is a dynamic process that doesn't actually care all that much what a rich person thinks.

But sure, the Laffer Curve looks at tax avoidance, but it's applicable to all forms of taxation, not just sales.

@Npars01 @Clackable@tldr.nettime.org @stopgopfox@libretooth.gr