Why if I have $100 right now, 10 years later that same $100 will have less purchasing power? Why can’t our money retain its value over time, I’ve earned it but why does the value of my time and effort go down over time?
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Inflation means prices would increase tomorrow, so it’s better to buy today.
Deflation means prices would be cheaper tomorrow, so people would buy tomorrow. But if the price keeps decreasing everyday, then people would just keep waiting till it becomes pennies.
So having inflation forces you to spend in the now rather than later.
Spending is what makes the economy. If no one spends, there’s no economy. With no economy, there’s no government, no public services (like your roads, street lights, police, fire fighters, etc.)
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And prices can’t stay the same, it’s either 0.001% inflation or deflation, it’s never 0.000%. part of the reason prices change is because of growing population and businesses. If there’s 100 people and there’s only $100 circulating the world, each person only has access to $1, but with growing population, the circulating currency has to increase too or else you’d have less than $1 – which basically means new money is being fabricated/printed “out of thin air”
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