Capital Maintenance in Units of Constant Purchasing Power in terms of the Daily CPI
A negative interest rate is impossible under CMUCPP in terms of the Daily CPI.
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Saturday, 15 March 2008
The difference between price increases and inflation.
Very few people understand the difference between inflation and a price increase. Inflation is an increase in the general price level. A price increase is the increase of any single price.
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Copyright (c) 2012 Nicolaas Smith
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