Capital Maintenance in Units of Constant Purchasing Power in terms of the Daily CPI: The statement that inflation erodes the real value of non-monetary items has no substance.

Showing posts with label The statement that inflation erodes the real value of non-monetary items has no substance.. Show all posts

Showing posts with label The statement that inflation erodes the real value of non-monetary items has no substance.. Show all posts

Tuesday 22 March 2011

The statement that inflation erodes the real value of non-monetary items has no substance.

Presently, inflation accounting describes a complete price-level inflation accounting model, namely the Constant Purchasing Power inflation ...