If you think that deflationary monetary policy is a good thing, you are welcome to vote for politicians who promise to implement it and convince everybody else

If you think that deflationary monetary policy is a good thing, you are welcome to vote for politicians who promise to implement it and convince everybody else to do likewise. The reason monetary policy is inflationary is not because there's a shadowy cabal of evil people who want to make your money worthless. Inflationary monetary policy is necessary to incentivize commerce and investment. If money increases value at rest, then everybody will just hoard it, which is exactly what happened during every deflationary period of American monetary history: the economy ground to a screeching halt because everybody with money to spare stopped spending. I feel like the bitcoin speculation bubble has led enthusiasts to forget what currency is supposed to be for. No, the purpose of money is not to be a number on an account sheet that goes up and makes you happy.