When You Don’t Spend Any, the Velocity of Money becomes Zero

Edmoney is tracking the allocation and spending of education-related stimulus grants. The map is here. Some states have gotten the funds into circulation better than others. Selected states below (GA was highlighted by them):

  1. California, 78%
  2. New Jersey, 63%
  3. Georgia, 62%
  4. Indiana, 60%
  5. Oklahoma, 50%
  6. Mississippi, 42%
  7. Massachusetts, 41%
  8. Michigan, 41%
  9. Kentucky, 39%
  10. Pennsylvania, 35%
  11. Ohio, 29%
  12. New York, 25% (but NYC 60%)
  13. Texas, 25%

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