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
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Showing posts with label
Fiat money has real value
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Thursday 14 July 2011
Fiat money has real value
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Fiat money has real value The actual material our money is made of today has, for practical purposes, no intrinsic value in itself. Our m...
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