total supply of money available. This is not true." References Notes Sources Cramer, J.S. “velocity of circulation”, The New Palgrave: A Dictionary of Economics (1987), v. 4, pp. 601–02. Friedman, Milton; “quantity theory of money”, in The New Palgrave: A Dictionary of Economics (1987), v. 4, pp. 3–20. External links Velocity of money data – from the St. Louis Fed's FRED database Monetary economics Freiwirtschaft Demand for money