Because it assumes that users aren't going to dump coins they already farmed.
Hence why is says new emissions. There is always the possibility for existing people to sell what they have. In fact they are necessary over time.
Also the focus on deflation is crazy ironic coming from you.
Not at all. Why do you believe that?
The demand going down due to lowered yields is greater than the supply cut.
It has been. It could still be. It will not always be the case. But the last part is up for debate so we will have to see.
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Because you're always talking about how deflation is the worst thing ever,
even within the context of crypto and Bitcoin, not just the legacy economy.
We need be be printing more money, not burning it.