Central banks aways and everywhere weaken economic growth by undermining the propensity to save; they are destabilizing the economy by fueling a debt economy.
Further, if solidarity is a value, why can’t the common enterprise that people in a society share a commitment to the free market? Or is solidarity only good when people jointly do things socialists like?
The velocity of money does not have a life of its own. It is not an independent variable and it cannot cause anything, let alone offset the effect of increases in money supply on the prices of goods.
