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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Gold is not money
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Showing posts with label
Gold is not money
.
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Wednesday 10 November 2010
Gold is not money
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Gold can only be money if it fulfils all three functions of money: 1. Medium of exchange 2. Store of value 3. Unit of account Gold is a...
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