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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3 to 6% inflation is not absolute "price stability"
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Showing posts with label
3 to 6% inflation is not absolute "price stability"
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Show all posts
Wednesday 2 June 2010
3 to 6% inflation is not absolute "price stability"
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There is no money illusion in hyperinflationary economies. People know that hyperinflation destroys the real value of their money very quick...
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