History always shows insight of the future. Weimar Germany hyperinflation showed the world what printing more Fiat would lead to.
Now they are going relatively slower but it doesn't change the destination.
The citizens are always the end victims.
Hoarding does not benefit anyone.
For this problem, I still haven't read a convincing answer which could apply to a "Bitcoin Standard" world.
It can however be debated if this is really a "problem" or if it' a "feature".
I would say it's a feature.
Bitcoin is best left as an alternative to me not a replacement to the Fiat system.
In economics every choice made has a sacrifice. None is perfect, the best that the government can do is balance things out using economic tools.
Printing more money is supposed to be a last in correcting deflation but now it's poorly used
Bitcoin could help but we know it could lead to deflation, so a little printing would limit both tool defects.
It should lead to a economy where economic growth is lower and less ressources are consumed.
But now tell that to the population of a developing country. They want their economy to become bigger
I believe one shouldn't attempt flying without knowing how to stand.
The rate of inflation in my country makes the US dollar feel like a deflationary currency.
The citizens bears the brunt of this, it changes nothing when money printed for development is used by corrupt politicians.
So even with inflation and their printing mY country isn't experiencing economic growth.