Deflation reduces demand and increases hoarding. Why spend when tomorrow my deflated currency will be worth more than today? The currency then acts less and l

Deflation reduces demand and increases hoarding. Why spend when tomorrow my deflated currency will be worth more than today? The currency then acts less and less like a currency (sound familiar?). In a deflationary environment, wages would go down over time and workers do not accept reduced wages vs increased wages even if their purchasing power remains the same in both cases. With small amounts of inflation, wages rise over time and people spend those raises, which helps fuel the economy.