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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Fiat money has real value and is legally convertible
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Showing posts with label
Fiat money has real value and is legally convertible
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Show all posts
Monday 15 November 2010
Fiat money has real value and is legally convertible
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All fiat money is created out of nothing: out of thin air. It is, however, backed by all - the sum total of - the underlying value systems i...
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