Everyday... we get the same people declaring the same 'arguments' and the same 'solutions' to the said problems of the deflationary spiral... lack of demurrage, hoarding, no inflation. These come from a key lack of understanding about the natural differences between debt based money or asset based.
I don't believe in a deflationary spiral either, neither in debt money nor in socalled asset money.
but I accept that others do because there is no hard evidence on either side.
However, I always believe that a non-deflationary currency will always be at an economic disadvantage to the deflationary one. As the deflationary currency will be more attractive.
lets hope there will be competing currencies so this can be shown.