It would have been crazy to make an investment decision in 2008 on the assumption that the dollar would have the same value in 2012.

FORBES: Monetary Easing Has (Almost) Nothing To Do With Deceiving Consumers

Many Japanese exporters, such as Sony, plan their operations on the assumption the yen will be no stronger than 115 to the dollar.

ECONOMIST: Lands of the cautiously rising sun

Posting in a recent RetailWire online discussion, Paula Rosenblum, managing partner, RSR Research, found weakness in the assumption that Walmart could scale down to run a small format competitive to dollar stores.

FORBES: Can Walmart Beat Dollar Stores On Their Own Turf?

Typically this meant plowing money into commodities, land, and other scarce if useless things (such as fine art), on the assumption that investment vehicles definitively limited in supply would hold their value in the context of dollar weakness.

FORBES: Now We Know Where the Inflation Went

As I understand it, Austrians consider this deceptive because individuals and firms that make long-range plans on the assumption that the value of money will be stable are harmed by the resulting decline of the dollar.

FORBES: Monetary Easing Has (Almost) Nothing To Do With Deceiving Consumers