There is nothing wrong with saving but I think this stifles technological development. In fact I think with technology, the costs of foods, transportation and energy will drop. Also automation is coming for a lot of things and will probably take over most of what the economy needs.

Also the idea of what an economy needs is a vague question. Does this mean art will be thrown by the wayside since it would be worthless? I guess entertainment would also be thrown away if people just want their basic needs satisfied. I don't expect anyone to just starve but I am just stating my opinion that the deflationary aspect just doesn't seem to push technology forward as much.

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