>Sure, until you find yourself in a deflationary spiral and the economy screeches to a halt. That's the thought experiment, but it doesn't pan out in reality.

>Sure, until you find yourself in a deflationary spiral and the economy screeches to a halt. That's the thought experiment, but it doesn't pan out in reality. The US economy experienced long stretches of high growth and low deflation in the 19th century. People still have physical needs even if the currency is deflating.