[zo1]

Does the cumulative "push" of "demand" into the "future" not have the systemic effect that in the future, there will be "current" demand?

This is one thing I've never understood about this whole "inflation incentivizes people into spending now rather than later". If we're simply pushing the demand into the future, aren't there already people from the past whose "future time to spend" is the current moment?

<opinion type="rant"> From my perspective, all that I see inflation doing is artificially forcing people to put more money into the stock market and investing than they should be.

[ancap]

That is a good point that I didn't address. Deferring spending in perpetuity is worthless unless someone gains some personal satisfaction merely from saving.