von Mises quoted in the Telegraph

This is an interesting article in the UK’s largest (decent) newspaper. It’s the first time I have ever read an article in the mainstream media that explicitly states that deflation is a false bogeyman. Just maybe the tide is turning..

http://www.telegraph.co.uk/finance/comment/jeffrandall/8147849/Jailed-counterfeiters-arent-a-patch-on-the-Bank-of-England.html

Interesting, though I find the phrase ‘store of value’ to be a rather overused…it’s a fine metaphor for holding a good for the future in expectation of exchanges, but it doesn’t ‘store’ value in either its gold or fiat forms.