"You seem to have fallen too hard for the bankers' propaganda."

You make a lot of assumptions about me. I just happen to understand how currencies work, and I pointed out one reason why inflation isn't always bad. In the current market paradigm, it's hard to run any country with a deflationary currency because the populace has come to demand entitlements that can't be paid for without seigniorage and inflating debt.

FYI, I'm not endorsing it, and I consider inflation stealth theft from those unable or unwilling to avoid it, and those that don't understand it. One of the main reasons I love crypto is open-source and transparent distribution models.

As for Steem, yes, it is inflating. Any bet on Steem price is a bet that it will gain more value from network effect than it loses from inflation. I happen to think that's a good bet in the short/medium term, particularly if one is actively using the stake they have on the platform.