Non-inflationary currencies encourage saving, not investing. Saving means taking money out of circulation, e.g. stuffing it in a mattress or a mason jar.
Saving is the act of not spending. Investing is the act of spending in the means of production. Consuming is the act of doing just that.
All of these can be excessive, which is an imbalance, but they also always correct naturally. Only state intervention can prolong misallocations so that they can last decades. In communist countries, investing (in further investment goods, but also army, etc.) became too big, and when it collapsed, the investments had depreciated to a point of many of them being near worthless. Excess consuming is a problem in the current U.S., whose manufacturing jobs are transported overseas, and replaced with services that pay 1/3. Excess saving is not a big deal though, it merely changes the value of money according to the QTM, making everythign cheaper for everyone else, both investment and consumer goods.
Prices are a
result of people doing things, and a cause of them. Ideally, you should
never meddle with the price process, because that is the only tool the Invisible Hand has. 99.9% of all economies, always through the course of history, have distorted prices in at least some goods, some time, somewhere. Always to their detriment. By letting the price of a thing fall, people would enjoy getting it cheaper, and also all other stuff would be cheaper as production would quicker migrate to other sectors. By letting it rise, more would be quickly produced and there would be no shortage.
Also the private stockpiling of critical items could and should be encouraged by allowing the hoarders to reap the profits of selling them when they are needed. Now the situation is same in the most civilized as in the most gloomy country: critical stockpiles of everything are readily seized without due process, without a hint of market compensation much less negotiation, in any kind of emergency. This encourages people to actively
not think of any scenario beforehand and keeps them in the position of blissful helplessness and dependence of the government, who have the monopoly to help people in the crises that they have generated for the purpose of deepening the symbiosis (most of the crises, luckily, are not military in nature).
