(1) At the bottom of page 73 of the "Inflation" paper, Butsic says that
(m sub i) <= m for i > 0. Why is this true? (By the way, how do I make
subscripts in an e-mail?)
(2) At the top of page 79, I am confused because he mentions 2
policies, but I'm not sure what 2 policies he's talking about. He also
says that (V sub i) must equal V(1+r). Why is there any such
relationship at all between 2 different policies?
Jon