You know I've thought about this for awhile and I'm starting to come to the conclusion that inflation is a good thing. Having a currency that doesn't inflate is bad for 2 reasons. 1. The population keeps growing, 2. Humans are hoarders. Having currency inflate encourages society to use their money instead of squirreling it all away. Everything in life devalues over time and I don't think currency should be any different.
However I don't believe currency should be unpredicatble and inflate at the whims of the government.
That's not true. Violins, clinker bricks, gold, wine, classic aston martins, original prints of the Book of Mormon tend to appreciate. Some wisdom for you: cheese. When sovereign debt collapses, those of us who have been quietly stashing wheels of cheese will laugh all the way to market.
Humans are hoarders, but humans like stuff too. If they hoard everything, they're either conceptually sticking it under their mattress, or they're loaning it out to make more, which is putting it back in the market. If they like stuff, they'll eventually buy something with what they've been hoarding.
I know that's the core argument against deflationary currency, but I don't see how it's valid. I find it much more likely that it's a belief pushed on our society by money lenders, as they thrive on people buying things now that they can't afford at the moment. Not implying a conspiracy - that implies organization, which isn't necessary for such an emphasis. It's in the lenders' best interest, so they'll do so.
No one squirrels away money-- savings in a bank is still reinvested into the economy, by the bank through lending. Unless you are literally sticking money under a mattress, it gets circulated.
However I don't believe currency should be unpredicatble and inflate at the whims of the government.