That is true.  However, the USA sets a target of a little inflation for the reason that they want to encourage spending and keep the economy moving.  With a deflationary currency, as you know, people are more inclined to save since their savings are growing in value. 

I am tempering my enthusiasm for bitcoin because I don't know how it will deal with recessions.  There is a role for the government in those economic times and bitcoin doesn't provide for that.  We shall see, though.