new article about gold http://www.armstrongeconomics.com/archives/35296

@TPTB: can you explain what armstrong exactly means by "deflation" ? at college i learned it was the decrease in price. i know some use it as a decrease of the monetary supply too. but armstrong use a totally different definition, and from what i gather from his latest article on gold, it something like a decrease in the monetary supply available to someone

for him, it seems an increase in taxation implies deflation

can you expand on this ?