To get to that point, he had to hold velocity steady and numbers of goods and services produced steady.
FORBES: An Unemployment Report That Screams Spectacular Failure
"In the back of their minds, people have this idea velocity ought to be steady, like a gravitational constant, " says Richard Anderson, an economist at the St.
FORBES: Spend That Cash
When velocity is stable, the Fed should keep money growth steady.
WSJ: What Would Milton Friedman Do Now?
If V (the income velocity of money which reflects the demand for money) is fairly steady, then M (money) growth should be 4%.
FORBES: The Fed Isn't Easing Monetary Policy
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