Capital Maintenance in Units of Constant Purchasing Power in terms of the Daily CPI

The monetary economy (the total real value of a fiat money supply) can disappear completely. It can be totally eroded like in the case of th...

A: Financial capital maintenance in nominal monetary units during low inflation and deflation : traditional Historical Cost Accounting (see...

Science is simply common sense at its best - that is, rigidly accurate in observation, and merciless to fallacy in logic. Thomas Huxley Th...

All fiat money is created out of nothing: out of thin air. It is, however, backed by all - the sum total of - the underlying value systems i...

The silliest idea currently going around: Quantitative easing would lead to hyperinflation. © 2005-2010 by Nicolaas J Smith. All rights ...

What the world needs is one world one currency. If the world economy was invented today, no-one would have more than one currency for the ...

Gold can only be money if it fulfils all three functions of money: 1. Medium of exchange 2. Store of value 3. Unit of account Gold is a...

Fiat money is: * money (functional currency within an economy or monetary union) declared by a government to be legal tender that is not c...

A vicious circle is created in which more and more inflation is created with each iteration of the ever increasing money printing cycle. Thi...

My comment letter to the IASB regarding severe hyperinflation is available in the following book. Buy the ebook for $2.99 or £1.53 or €2...

Valuing monetary items Measurement of Monetary Items in the Financial Statements Measurement is the process of determining the monetary ...

Second submission: Nicolaas Smith Comment Letter: IASB Exposure Draft - Severe Hyperinflation  Submitter                        Organizat...

      The IASB proposes to define severe hyperinflation as follows:       D28 The currency of a hyperinflationary economy is subject to sev...

I am of the opinion that hyperinflation - let alone severe hyperinflation - is impossible when exchangeability between the currency and a re...

Science is simply common sense at its best - that is, rigidly accurate in observation, and merciless to fallacy in logic. Thomas Huxley  ...

In the begining before money and the double-entry accounting model were invented all items in the economy were variable real value non-monet...

I was of the opinion that severe hyperinflation was impossible if “ exchangeability between the currency and a relatively stable foreign cur...

U.S. companies may be holding back on investment because of the rising federal deficit, which causes uncertainty about future tax policies, ...

Variable items Variable items are non-monetary items with variable real values over time. Examples of variable items in today’s economy...

The economy consists of economic items and economic entities. Economic items have economic value. Accountants value economic items when th...