Another argument fiat proponents can make is that in a growing economy with a hard monetary system there is a danger that people who hold surplus cash funds will have reduced incentive to spend or invest those funds as the value of cash savings will be constantly increasing without taking any risk via investment.

Thus there is a risk that more and more savings are held back from consumption and investment because the holders of those savings are incentivised to simply hold them at zero risk rather than investing in potentially productive projects or spending.

Stackers should surely understand the logic of this!?!