The Velocity of Money for Beginners
Raising Taxes Very Rarely Results In As Much Revenue As One Expects You have to do it the hard way by improving the health of the economy, no alternatives. The best way to increase governmental tax receipts is to increase the health of the underlying economy so the velocity of money is higher. Countries often find this out the hard way. In the United States, individual states find it out the hard way, as well. https://www.joshuakennon.com/the-velocity-of-money-for-beginners/ https://www.youtube.com/watch?v=q59tZKP0HME Quantity Theory of Money