idiots run around looking at their 401k's and their "property values" thinking they are rich but its really.....no you idiot the government stole from you and you are too stupid to realize.
idiots run around looking at their 401k's and their "property values" thinking they are rich but its really.....no you idiot the government stole from you and you are too stupid to realize.
A most interesting way would be see money as infrastructure. In order the economy to work you need money. In order to it work properly you need the proper quantity of money. Of course we can disagree in what is the proper quantity.
I.e. if there is 1000 floating around, and 2 individuals in the population. Then if the government prints an extra 100, it needs to give 50 to each individual (not 100 to the one, but not the other). Probably not logistically feasible with a large population, but that way you can at least say it's not "theft".
Whenever the "future" benefit does not outweigh the "current" benefit of said money. People do it now with the interest rates the other way around, why would it be any different with deflation? I.e. they spend now, or they invest now, or they invest in financial instruments now that will beat "inflation".
Both sides of inflation/deflation affect peoples' actions based on their time preference of money[1].
[1] Economists correct me on my usage of that term, if I'm wrong.