I get the fact that in the short term lowering the inflation rate could create higher prices.

I guess I just believe that the more inflation that is spent towards developing new or better steem activities will lead to much higher prices by attracting more individuals to get involved in steem.

If millions of users need a small amount of steem for their daily activities that will quickly eat up the current printing rate and current steem supply. It will be tough to achieve millions of users though without the active development that will create interest for a larger community.