No, I'm talking about individual units of issued currency (e.g., physical bills in the simplest case) losing nominal value, which can be done while the underlying currency is gaining real value (in deflation).
Yes, obviously you can avoid deflation by creating enough money that you instead have inflation, but I'm talking about having a monetary system that avoids some of the negative incentives of deflation even when it occurs.
Yes, obviously you can avoid deflation by creating enough money that you instead have inflation, but I'm talking about having a monetary system that avoids some of the negative incentives of deflation even when it occurs.