[Anonobread]

Consumers don't buy 2% more chicken at the grocery store just because "inflation is 2%". That's total nonsense with no basis in reality. And investors will still make traditional investments in a deflationary environment, BTC denominated loan markets and "IPOs" are the case in point to that end.

Granted, in a deflationary environment, investments will be less profitable if the projects being invested in are dependent on consumers spending money frivolously.

> Investment is key to growth/innovation but there has to be some demand there. Demand creation is always overlooked, when wages aren't raised, when companies move out of the US etc. These things directly impact demand and purchasing power of consumers at all levels eventually.

Society gains purchasing power at large in a deflationary environment.

And note that, if the American economy grows 10% in a year, the Fed will still strive for inflation. If economic growth is 10% and inflation is 1%, the upper echelons of society will have skimmed 10% off the top, robbing society of that growth. Conversely, in a Bitcoin world, the 10% economic growth is returned to the savers in the form of more purchasing power.