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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Showing posts with label
Blind leading the blind
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Showing posts with label
Blind leading the blind
.
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Wednesday 23 December 2009
Blind leading the blind
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In 2008 I agreed with the statement that inflation destroys the value of non-monetary items which do not maintain their real values. I agree...
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