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 transform an illusion into a GAAP
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Showing posts with label
Accountants transform an illusion into a GAAP
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Wednesday 21 October 2009
Accountants transform an illusion into a GAAP
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Inflation destroys the assumption that money is stable which is the basis of classic accountancy. In such circumstances, historical values r...
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