Or the converse. There could be $6T in the money supply, but circulation is high. Sort of like a self-contained ornamental fountain that can flow more gallons per day/month/year than it has capacity to hold.
The real insidious part of such lofty sums is that they usually are predicated on potential lost earnings (and sometimes punitive damages), which historically is obviously nowhere near the numbers requested.
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Or the converse. There could be $6T in the money supply, but circulation is high. Sort of like a self-contained ornamental fountain that can flow more gallons per day/month/year than it has capacity to hold.
The real insidious part of such lofty sums is that they usually are predicated on potential lost earnings (and sometimes punitive damages), which historically is obviously nowhere near the numbers requested.