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Big discussion here (and most natural fix): #291420
And yes, a free market between active and passive Bitcoin users is moral choice, and that's why it's more important than "stupid 21M meme" (copyright by Peter Todd ;)
"It makes sense. Something akin to what the central banks do by setting interest rates, but algorithmic, leading to a 'natural' (rather than manipulated) level of inflation"
P.S. "If we would have four years long network difficulty regression - then it's emergency, and new code handling such danger - should delay halving to the next halving, until difficulty will recover"