Re: Krugman makes some good points

It's total and absolute folly to have a monetary system where consumption is artificially incentivized. That is wrong on many levels.

I wouldnt say consumption is incentivized; after all you can just as well invest your money if you dont want to spend it.
All that is desincentivized is ~~hoarding of~~ saving money; I see nothing wrong with that; quite on the contrary if you agree the prime purpose of money is making commerce easier.

I see that as a bad thing.

Why? Why is it good to keep your savings in something which prime function is allowing commerce? Its better to have that money available for commerce than idling under your mattress.

Better for whom? It's not better for everyone. The owner of the currency should be able to choose the best method of saving. If your method really is better, others will follow.