Velocity of Money
Traveler come into a hotel. Says he's interested in staying the night but he wants to see his room first. Clerk says that's fine but jut just leave the $100.00 deposit at the desk. Man puts the $100.00 Bill on the desk and goes upstairs to explore the room. Clerk takes the $100.00 Bill to the butcher across the street at settles his debt. The butcher takes the Bill over to the tavern and settles his debt. Bartender from the tavern takes the $100.00 and gives it to the lady escort who in these tough economic times had agreed to take payment for her services on credit. The Lady goes back into the hotel and puts the $100.00 bill on the front desk for the clerk as she settled up her tab for the room she had rented. The traveler comes back down the stairs and says to the clerk that he won't be staying. Clerk hands him the $100.00 bill and the traveler leaves.
Traveler leaves with $100.00 bill.
All debts settled.
It's an interesting thing to think about how efficient and effective things can be when there isn't such restraint placed on the velocity of money.
Here's a funny example of monetary velocity by Beavis and Butthead
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Super fast money traveling from one's pocket to other's @worldclassplayer. I think it moves faster than the light. :-)
Its funny and interesting !
Thank you so much my friend !!
Perhaps in the future, we'll be able to incorporate this idea to instantly resolve debts by finding cycles in the network. Very thought provoking post.
money just transforms from one form to another hehe :D
Nice ride for the bank note. No progress. LOL