Capital Maintenance in Units of Constant Purchasing Power in terms of the Daily CPI: Inflation does not affect the real value of non-monetary items

Showing posts with label Inflation does not affect the real value of non-monetary items. Show all posts

Showing posts with label Inflation does not affect the real value of non-monetary items. Show all posts

Sunday 16 November 2008

Inflation does not affect the real value of non-monetary items

Inflation affects the fundamental value of all monetary items. Inflation destroys the real value of all monetary items directly and equally....