The “deflationary so individuals will not spend it” level is a self-defeating argument: are you going to starve to dying with a purpose to “revenue” from a deflationary asset rising in worth? If that’s the case, you are not cashing in on the rise in worth in any respect, by design, because you’re useless.
The very fact an asset is deflationary does not imply individuals simply cease utilizing it, that might be a ridiculous thesis to defend. Fairly, it solely means they will assume twice earlier than spending it unwisely, which essentially is an excellent conduct to undertake as a group.
