The "velocity of money" has no bearing on Pelsoi's idiotic claim that, “For every dollar a person receives in food stamps, $1.79 is put back into the economy,” and her contention that food stamps and unemployment payouts produce "the best bang for the buck".
Where did you take Macro 101? Hooterville?
Hmmm, it must have been Hooterville because I just confused the velocity of money with the money multiplier. :blush: