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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Alan Greenspan´s definition of price stability.
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Showing posts with label
Alan Greenspan´s definition of price stability.
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Show all posts
Sunday 30 March 2008
Alan Greenspan´s definition of price stability.
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2% Inflation is 98% stable value or 98% Real Value Accounting. However, it will still destroy 51% of the value of money and constant value...
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