But if use is in decline, its value should follow. To see its value rise as its use declines is simply odd. This is a decrease in the velocity of money, not ne

But if use is in decline, its value should follow. To see its value rise as its use declines is simply odd. This is a decrease in the velocity of money, not necessarily a decrease in its demand. Sometimes and increase in the demand for money can cause a drop in velocity. It's one of the justifications for constant inflation (to keep us out of a deflationary spiral where people would rather starve to death than spend $0.01 on a year's worth of foodstuffs)