[Jd]

This is a very complicated and interesting topic. Many economists believe that inflation is necessary to keep people from hoarding. Spending, either in the form of acquisition or investment, is necessary to keep the economy juiced up.

In other words, your criticism would be considered a design feature by many economists. Some even considered adding a fee (demurrage) instead of facilitating inflation, encouraging you to use whatever money you had. This would be akin to a 1% asset tax instead of an income tax.