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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Inflation and the stable measuring unit assumption are the two universal enemies.
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Showing posts with label
Inflation and the stable measuring unit assumption are the two universal enemies.
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Wednesday 20 February 2008
Inflation and the stable measuring unit assumption are the two universal enemies.
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Inflation IS the universal enemy as far as monetary items are concerned. Each one per cent rise in inflation instantaneously destroys more h...
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