> Yes it is deflationary, which is worse for a currency. Cui bono? Who told you that deflationary currencies are inherently bad? Perhaps you're repeating this

> Yes it is deflationary, which is worse for a currency. Cui bono? Who told you that deflationary currencies are inherently bad? Perhaps you're repeating this lesson from central bankers and politicians who would have no ability to manipulate for power if they didn't have the printing press. > Why buy anything with a currency whose value will always rise? Better to just hold it. Thus it fails as a currency IMO, this has always been a dumb criticism of a deflationary setting. People still save their money in an inflationary setting and will also spend during deflation because people still need to eat and live their lives. Certainly people would tend to be more cautious about their spending during deflation: not inherently a bad thing.