Deflation can be bad but I fundamentally disagree that all any amount of deflation is always bad. It depends on degree and cause. If your thesis is that hard money disincentives investment and economic activity I disagree does it mean utopia no or that recession isn’t possible no, but if you have more capital from saving eventually there is a point where it is advantageous to invest or spend. Saving then investing vs borrowing to invest.

If there was truly enough capital for investing and spending then deflation would never be a concern to begin with.

Horseshit. No, Ludwig von Mises never advocated for government intervention to fight deflation. In fact, he strongly opposed such measures. Mises viewed deflation, particularly in the context of a sound monetary system, as a natural and healthy market process. He argued that attempts by governments or central banks to counter deflation through inflationary policies or intervention distort market signals, lead to malinvestment, and prolong economic adjustment.

ok just Rothbard then 👍 but neither did Mises ever suggest that a permanent deflationary condition is an ideal. which is the Bitcoin maxi position. we're in agreement that deflation is a natural market correction phenomenon. im just saying orienting the macro environment so that its ALWAYS deflationary is a bad idea.

I'm wrong here about "state" part. Neither of those guys advocated for state intervention although Rothbard had some writings about structuring markets to avoid extremely deflationary conditions

nobody suggested than any amount of deflation is always bad I'm suggesting that structuring the market so that its *always* deflationary is bad.