1970-style CPP inflation accounting was a failed inflation accounting model.
The difference between constant real value non-monetary items and variable real value non-monetary items is not generally known yet.
SA accountants freely destroy real value in the real economy with their assumption that the rand is perfectly stable only for the purpose of accounting constant value items, and have absolutely no concern about the negative impact this has on sustainable economic growth.
The destruction of real value in the real economy by SA accountants will stop when they stop their assumption that the rand is perfectly stable only for the purpose of accounting constant items never or not fully updated.
© 2005-2010 by Nicolaas J Smith. All rights reserved
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