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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Accountants destroy value
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Showing posts with label
Accountants destroy value
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Sunday 29 November 2009
Accountants destroy value
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Inflation destroys the real value of money and other monetary items over time. This fact is generally accepted and appears in Wikipedia stat...
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