MI5 files which have been released by the National Archives reveal that the Nazis attempted to undermine the British currency by forging large quantities of Bank of England notes - click here for story. The plan had been to drop them from the air on England - sounds a bit like Helicopter Ben's plans to fight deflation! One wonders what the impact of this monetary stimulus on the wartime economy might have been had it succeeded?
According to Robert Shiller , speaking at Davos, Bitcoin is a perfect example of a bubble - story here . Shiller sees Bitcoin as a backwards step in the evolution of money. George Selgin , a free banker, takes an opposing view - click here . Although he doesn't believe that Bitcoin is money, he sees its development as a fascinating turn in the evolution of money. In particular, he lauds the fact that Bitcoin production is constrained and cannot be infinite. There is a short video below where Bitcoin explain how it works.