I know for myself, I'm slower to spend BTC knowing the value increases with time. (So far) I'm always thinking: Do I need it? Can it wait? I do spend, but more conservatively.
Whereas, with cash, it seems like when I have it, I spend it. I know that with time it's value will get less and less and so I'm more motivated to get rid of it without thinking too much.
So perhaps a currency that grows in value will slow down wasteful spending? (I don't really know much about economics but it seems like quite a few here do, so I was hoping for some thoughts!)
FEDERAL RESERVE likes to keep currency inflating at a steady rate. This encourages people to spend their money more since their cash looses value over time. Thus rampart consumerism is bad because it artifically creates extra economic activity when there shouldn't be. This leads to artificial economic booms which ultimately lead to busts. So yes, bitcoin will help level out and bring some sanity to the economic cycle.
Great posts guys, you've described exactly what happens to society when money becomes devalued over time, a thing we are all conditioned with as we've grown up watching the dollar's value plummet. The hope is that Bitcoin appreciates and is adopted to the point where it acts as a corrective to the decline in the value of Fiat.