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

The statement that " money is a store of value "  is supposed to mean that money is a store of constant real value over time or a ...

An entity in Venezuela has asked the IASB for help. The IASB, however, has again, in typical IASB fashion, refused to do anything about th...

Two of the three parts of the post-HC economy would be stable in real value The economy consists of economic entities and economic items....

The post-Historical Cost economy The post-HC economy would be an economy in which the stable measuring unit assumption would be replaced w...

On 11 August I blogged: Is Bitcoin fatally flawed?  in which I stated: " The fact that bitcoin has a fixed supply limit - 21 million ...

Money is only a monetary item within an economy or monetary union. The real value of money is determined by all underlying value systems ...

The fact that bitcoin has a fixed supply limit - 21 million - may mean it may be fatally flawed in its attempt to be money (a monetary item ...

Bitcoin is a very exciting and innovative technology. Bitcoin has for the first time ever made all of us realize that anyone - not just s...

Fiat money can be either a nominal monetary item or a variable real value non-monetary item depending on where it is being used: inside the ...

Ecuador will be the last (latest), not the first, country to create its own digital national currency. Ecuador does not currently have its o...

Ecuador has banned bitcoin and announced that it is going to create its own cryptocurrency to be used alongside the US Dollar in the countr...

" Distinguishing the Unit of Account from the Unit of Measure The term “ unit of account ” does not appear in the conceptual framewor...

With Bitcoin, generally accepted terms trump economic science An American federal judge stated that bitcoin is a unit of account, meaning ...

Bitcoin is not a monetary unit of measure or unit of account A monetary unit of measure is often mistakenly called a unit of account by th...

The generally accepted definition of hyperinflation in the world economy is 100% cumulative inflation over three years. It comes to 26% annu...

High Frequency Traders make technology profits. They make almost no profit per trade over almost no time with almost no risk millions of t...

Daily inflation-indexing of the entire money supply would remove the effect of inflation - low, high and hyperinflation -  or deflation (not...

IFRS and US GAAP authorised Capital Maintenance in Units of Constant Purchasing Power™ (CMUCPP ™ ) maintains the constant purchasing power o...

Foreign currency    Foreign currency is always created in a foreign economy. Foreign currency is always a variable real value non-moneta...

The generally accepted definition of hyperinflation in the world economy is 100% cumulative inflation over three years. It comes to 26% ann...