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 inflation conundrum
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Showing posts with label
The inflation conundrum
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Tuesday 13 April 2010
The inflation conundrum
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Inflation is always and everywhere a monetary phenomenon. Milton Friedman, A monetary history of the United States 1867 - 1960 (1963) In...
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