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oldgeezy | 10 months ago (raw) | root | parent | reply | flag +1 
 Is it fair to say that the Keynesian definition of money requires that you cannot use it for savings?
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Jameson Lopp | 10 months ago (raw) | root | parent | reply | flag +3 
 Absolutely - it's demand-side monetary theory.

Another issue with the equation is that velocity does not have a standardized unit of time.