Cheers for that, assuming things end up sticking.
Ah, ok, you are using 'stagnant' in terms of velocity of money. Then yes, I agree that in the US at least the velocity of money is indeed pretty low these days.
I don't think that's the whole picture though - you don't have to have a high money velocity to have a healthy economy. You just need a "high enough" one.
Oh, sure. High enough is more or less baseline, with higher mostly being icing. As functionally static wages (vis a vis purchasing power) for massive swaths of the US labor market, among all sorts of things, suggest, though, we probably don't have high enough so far as... most everyone, really. At the least lots of people. Are concerned, heh.
Economy generally isn't reasonably or often called healthy when bunches of it aren't metaphorically feeling better as time goes on, from what I've noticed. Healthier than it could be, most definitely, but there's a reason "better" isn't particularly equivalent to "good". The best king of the most wonderful shit mountain is still enthroned in a mountain of shit, et al. Though that's at least a bit hyperbolic relative to the state of things stateside... mostly. There's places 'bout as fucked up as anywhere on earth.
So simply stated, it's not how much money is spent, but on what types of things money is spent, that matters? I mean, really, what does "Money spent by a poor bastard goes all over the place, up and down and sideways" mean compared to "Chunk of the money rich bastards spend doesn't get around much"? Is it because the rich are just spending piles of money in big loops with each other, essentially merely extracting rent from the "lower classes" instead of producing new goods and services
Yeah, you pretty much got it.
Sorta' reminds me of that old naivety that workers would be paid more as they became more productive. Industry has been laughing long and hard on that subject for a good while now. When folks pay more in or put more out and get little to nothing from it, we tend to start pulling out pretty negative descriptors, ha.