> Deflating currencies act as value holders, not as currencies, they don't promote trading or commerce, buying and selling it for physical things.
I know this is the commonly accepted reason why inflation is good and deflation is bad. But isn't this just coercion? Here's your paycheck. You better go out spend it like a good consumer because we're going to ensure its value is going to slowly erode over time.
Modern man already needs to buy and sell things to survive. It's not clear to me why his currency needs to further promote this behavior.
I know this is the commonly accepted reason why inflation is good and deflation is bad. But isn't this just coercion? Here's your paycheck. You better go out spend it like a good consumer because we're going to ensure its value is going to slowly erode over time.
Modern man already needs to buy and sell things to survive. It's not clear to me why his currency needs to further promote this behavior.