Does that mean we should be embracing the printing of money?
Make all our money go totally out of value, so anyone holding BTC can get good value?
Does this make sense?
That's not the point. The deflationary nature of bitcoin will work whether other currencies depreciate or not. What difference does it make if a bitcoin is worth one dollar or a million dollars, if at some current moment a bottle of beer will cost that million dollars? What matters is not the number of zeros in the fiat currency to bitcoin exchange rate, but how many real goods and services you can buy with bitcoin.