Quote from: AbelsFire on June 10, 2012, 04:56:06 AM

Deflation means that in order to get people to spend their money you must actually offer products and services that are compelling enough on their own merits to convince them to part with currency. Inflation pushes people towards unnecessary consumption because the are driven to spend their money more quickly as it loses value.

Naturally people who want a system that allows them to live comfortable lives by skimming value away from the productive prefer inflation and high velocity to deflation and capital formation.

This is one of the best answers I've seen, I'm stealing this.