we all know that highly inflationary situations incentivize reckless investment

im thinking that "highly inflationary" is more than a 5% increase on monetary supply *over economic growth*

but the cure isn't to go straight deflationary

because of all the reasons (which are true reasons!)

with a known monetary policy (hard cap or not) a equilibrium will be reached.

i highly doubt that a purely deflationary environment (as with a hard cap on the # of units) is the best equilibrium for human flourishing.

and I think we are already seeing why that is.