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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What backs money?
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Showing posts with label
What backs money?
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Wednesday 7 July 2010
What backs money?
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Our money today has no intrinsic value in itself. It is fiat money that is created by government fiat or decree. The government declares fia...
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