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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The impact of inflation on the man in the street.
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Showing posts with label
The impact of inflation on the man in the street.
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Show all posts
Monday 6 July 2009
The impact of inflation on the man in the street.
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Milton Friedman correctly stated that "inflation is always and everwhere a monetary phenomenon." Inflation can only destroy the re...
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