MMP Blog #17: Accounting for Real Versus Financial (or Nominal)
I had thought the distinction between real and financial (nominal) was clear—but obviously it was not.
MMP Blog #17: Accounting for Real Versus Financial (or Nominal) Read More »
I had thought the distinction between real and financial (nominal) was clear—but obviously it was not.
MMP Blog #17: Accounting for Real Versus Financial (or Nominal) Read More »
This week we examine bank clearing and the notion of a “pyramid” of liabilities with the government’s own IOUs at the top of that pyramid.
MMP Blog #15: Clearing and the Pyramid of Liabilities Read More »