We are being told deflation is bad for our economies and this is used as excuse from our central banks to print more money and destroy our savings/currencies. What they say is that in a deflationary environment, the price of goods falls so people would not buy anything and would rather wait to buy in future, therefore slowing the economy. If so why smartphones sell like hot cakes?their price is falling and people are buying them actually because of that. Maybe because each time the price decreases customers feel like they are getting a good deal, therefore are prompted to buy!!
If our economies are not growing it means that there isn't much inflation pressure, so I don't see any reason to artificially induce inflation by destroying our currencies. I would like to know your view on that..also do you think bitcoins (deflationary) will see a wider adoption by retailers in future?
Nope its propaganda, deflation will increase purchasing power of people who can then spend more on stuff.
Yes people could hoard and some consumption will be decreased, however those consumption levels are not healthy anyway.
Resources are finite, people should not consume madly like nowadays do with this credit card scam system, and some businesses are not meant to operate. The financial speculative sector is like 40% of the GDP of any western nation, which is totally unproductive, it should be like 3-4%.
And besiedes the whole fractional reserve system that we have now is only fueling the global ponzi scheme of credit speculation, which is directly funded by your tax money and it is the collateral for it.
Thats why governments bail out banks from tax payer money because its the collateral for it. So its stupid when people protest about it, because it was set up this way from the beginning.