Is a steady state economy a good/bad thing?

A bit ago, I was trying to understand the arguments around Velocity of money as a thing indicating economic health. The major reference was GDP indicates Velocity to some degree. Is a steady state economy, at least temporarily, a good or bad thing? I’m trying to separate this from the other issue in that discussion about Inflation.

Consider a place where people had enough income to buy their daily needs, replacement items, regular services, and had savings enough for the occasional surprise or emergency purchase. Where would Velocity fit in this, whether or not the money passed through a few hands or many? The premise was more hands = more Velocity = ‘better’ economy.

Yes/No/Maybe?