> Either consumption is encouraged via inflation or investment is encouraged That's not true except in an economy already operating at maximum capacity. The a

> Either consumption is encouraged via inflation or investment is encouraged That's not true except in an economy already operating at maximum capacity. The argument for a depreciating currency is that it encourages people to spend or invest it, while if you have an appreciating currency, people just hold onto the bank account numbers instead of generating any economic transactions or activity. Mind you, there are counterarguments and other problems you get from a depreciating currency, but that's the argument.