There's no such thing as free money. It's gotta come from somewhere, and it has to impose a cost somewhere. Inflation in other currencies has a moderate, and m

There's no such thing as free money. It's gotta come from somewhere, and it has to impose a cost somewhere. Inflation in other currencies has a moderate, and mostly beneficial, cost. It encourages people to invest their money instead of just saving it, which leads to enhanced economic activity. Deflation in bitcoin only has value to the people "saving" their bitcoins, which sets up perverse incentives in regards to use of the currency as a medium of exchange.