I am a director with a large Industrial Development and Export Authority in the USA. We are studying the theory and idea of providing ‘Constant Value Loans’ as cited in “The Dying of Money” previously found on the mises.org site, but also found here (http://nowandfutures.com/large/TheDyingOfMoney.pdf). This was championed by economist Sir Alfred Marshall in the 19th century as well as by others for centuries. The basic hope of the Constant Value Loan is to circumvent governmental monetary actions through periodically adjusting interest as well as principal payments to an appropriate index. This way, the lender is protected in inflationary times, and the borrower is protected in deflationary times.
My question is does anyone have recommendations to white papers on the theory, process or empiracle evidence of implementation for our study?
Thank you in advance.