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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Value does not always exist independently of how we measure it
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Showing posts with label
Value does not always exist independently of how we measure it
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Friday 19 March 2010
Value does not always exist independently of how we measure it
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Professor William Paton noted in 1922, "the value of the dollar — its general purchasing power — is subject to serious change over a pe...
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