Hanshan on Nostr: There are a number of reasons but the obvious one is that deflationary conditions ...

There are a number of reasons but the obvious one is that deflationary conditions disincentivize economic investment.
Why should anybody start a business or invest in one when their money gains value just by sitting there?
Particularly trying to create an environment which is *as disinflationary as possible*

Which is something bitcoin maxis get really excited about (because it makes them richer)
You see that behavior already, there's a lot of inertia to creating a Bitcoin circular economy because most people prefer hodling to spending.
"muh generational wealth"