Lower money demand means greater money demand.

When we draw a MD-MS model, we unconsciously assume lowered money demand curve represents weaker and smaller money demand. However, I start thinking this perception may be wrong. When we-by "we" I mean an economy, not an individual-have lower money demand curve, the velocity of money is lower and the ratio of money to our nominal income is actually greater because V=(P*Y)/M. It means we do not want to spend our nominal income; instead, we want to hoard cash or deposit a large portion of it in the bank. Therefore, the current state of money demand is we have too strong money demand, not weak one. It is tight money, not easy money. Since we want to hold our money so tight, the opportunity cost of money, a.k.a. Interest rate, likely falls or unlikely rise. In other words, our zero interest rate is not low enough.