The FED's target is, what, 3%? Maybe that works because of population growth, but it still feels wrong to me. I get that money should have velocity for it to be useful as money, but to me that's partly a matter of market cap here. Cryptocurrency is still pretty small compared to the global finance market. Once (if) it gets to the target price many envision, the velocity should go up as the price stabilizes and no longer providers huge incentive to HODL. I don't think we need to inflate the value away prematurely in order to get there. In some ways, that might even delay the process.

I'm coming at this from an economics perspective that is concerned with boom and bust cycles. IMO, encouraging investment via money manipulation beyond what the market itself demands causes these problems.

I think Bitcoin (any many other cryptocurrencies) will have problems as currency if they continue to charge a fee for usage. That's what I like so much about STEEM and SBD. No fees involved, just bandwidth based on stake.