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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IASB got it wrong: there are 3 not just 2
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Showing posts with label
IASB got it wrong: there are 3 not just 2
.
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Tuesday 15 December 2009
IASB got it wrong: there are 3 not just 2
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"One can say that capital, as a category, did not exist before double-entry bookkeeping". Werner Sombart Professor William Paton...
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