Inflation isn't a way to incentivize spending...
It's a way to incentivize investing.
A government's goal is to keep your wealth concentrated within its jurisdiction so it can charge taxes.
50% wealth taxes, property tax, etc.
#Bitcoin takes this power away from governments.
Elected officials have their money in the market. They have family, friends, and coworkers who have their money in the market. They are incentivized to keep the market going higher. Printing money and markets making new highs go together like PB-N-J.
Where is the incentive to do the right thing?
