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Lack of purchasing power which is caused by inflation is encouraging economic uncertainty, and this is because many nations has been found wanting in production capacity, instead they encourage importation of consumable goods from other countries, the country involved will therefore put up a policy, that will compel the consumer country to exchange there currency to the currency of the country, they are purchasing from, this will further weaken and stagnate there currency to trigger high inflation rate.

The causes of high inflation can be attributed to the following:
1. Excessive Government borrowing
2. Unwanted and unstable domestic policy
3. Unsatisfiable or lack of domestic production

1. Excessive Government borrowing: the government of many nations has seen borrowing as a norm, there accumulated debts requires generation to come, to service, this is common in African countries where the government borrow funds not for establishing an asset or building an institution that can generate generate revenue, for them to either service existing debts and build more infrastructures, they prefer borrowing funds for either embezzling it or using it for things that are not accounted for.
They do this without minding the consequences that may be accompanied with this act, at the end countries like this dips in high level of inflation and valueless currency.

2. Unwanted and unstable government policy: the government policy most times are unfriendly and it is repeatedly done, just for example allowing the importation of already existing good to there country, instead of boosting the production of such goods to meet it's citizens consumption.

3.lack of domestic production: government of many countries practically don't have anything to offer, the keep on wasting the little resources available to their reach, failing to encourage local production, the government should look into locally made goods, this will avail them the opportunity to do business with countries that are interested in the product and services, as the case may be, they should make it their priority to lure local investor, reach a compromise with them, allow them to produce at a minimal taxing rate, this will enhance the domestic needs of the country, No doubt we need each to survive but not in everything.

fiat money by default is always inflationary by design
fiat money by default is always loses value by design

its not a concept of "inflation overpowers the value of money"
its instead simply: "inflation powers the devaluation of money"

the rich/elites know money devalues. which is why they hoard soo much instead of spending it. because they know if they hoard enough then even after long periods of devaluation they will still have enough to live/retire on.. they do not fear higher inflation periods becasue they can afford it

when the rich/elite tell the world media to tell consumers that a high inflation event has to occur. its not a event of the rich relinquishing control of their hoards in trickle down economics. its instead inventing alot more money, putting a large % into hoarded riches for the elites to hide away, and then give out small % to the little people and then blame the event on the cause to need to "hyper inflate" meaning the little people should spend that money to energise and grow the economy and circulate that money.. which we all know means little people need to relinquish their savings and lose their homes so the rich can hoard more (trickle up economics)

the main reason a country does the invention of new money is not ever to benefit the little guy. its instead to fake the GDP stats of money per capita to stay high in the rankings..
recent events are that china really went big on their money creation to create support packages for covid(build hospitals). which raised their GDP and so in 2020 china was going to become the worlds super power in stats.. so other high ranking countries needed to jump start faking GDP stats to stronghold their positions before china took over the top rank

none of which helped the little guy long term. its just to keep the rich/elite in power and control of the hoards

To begin with, inflation is not a discrepancy. Inflation is an integral part of the current economic system. Echoing franky1, it's there by design. It's intentional. It's there on purpose. It isn't something that takes place because of incompetence or failure on the part of the government or because of something beyond the control of economic managers. That the prices of goods and services will continuously increase and that the purchasing power of money will continuously weaken-- albeit in a moderate and controlled manner-- are part and parcel of what is considered a great economic design.

You left out a very important one: high energy prices, which affect everything. If gasoline and electricity prices go up, you not only pay more to fill up the tank and for the electricity in your house, you will also pay more for groceries, for example.

In fact, the inflation we have been experiencing for a couple of years now is mainly due to energy prices and massive post-covid printing. Then it was exacerbated by the Ukrainian war, but it started earlier.

You are right Poker Player,the high cost of gasoline and electricity will have a big role on inflation and the price of other commodity will be affected too,even the rich will also be affected indirectly when this happens. Take example of my country Nigeria, the new administrative have opened the door of hyper inflation on the citizens by removing fuel subsidy. Ever since that time everything in the country price has shoot up rapidly and the hardship has increased by the poor can no longer fend for themselves neither can they go out to look for their daily bread because of high cost of transport and high cost of living. This has made the Nigeria Labour Congress to embark on a protest to make sure that the new administrative does something to ease the suffering that the removal of fuel subsidy has caused in the country. Inflation is bound to be part of any economy because fiat currency depreciates as time passes on. Hyper inflation is caused by some actions taken by the government.

And the fact these things are big issues does mean that an action of an individual would change the whole economy of the country. It won't. But one's action can change their entire life. The only way to beat inflation is through investing in any means. It could be real state, currency, stocks, or highly volatile BTC.

If you accumulate assets that have appreciating value then you can catch up with the inflation rate going higher. Because you know, if you only hold a dollar, overtime it is losing its value.

Yes, excessive borrowing can cause a high inflation to a nation because we have saw how many countries struggle to overcame this attitude of borrowing money that made them to lost some of their expensive resources just to ensure their name be erase among the countries that are in debted. Once there is unwanted domestic production in a country, it hard for such country to overcome inflation because that is some of the road for inflation to have access to a country and put the citizens into hardship through out the year. Bad leaders can also cause inflation in a country because once they have access to loot the government money, it will cause massive inflation that will take the government many years to recover.

Excessive government borrowing occurs when there's an unforeseen calamity that causes damage to the country or anything related to it. However, the other bad side is when the government is not able to carefully evaluate its loans, resulting in an inability to match collections with payables, leading to high interest or penalties. Consequently, the country will suffer.

In short, we need to elect people who are capable of running the country and who are not corrupt. Even if they are very smart, if they don't have the attitude to honestly run the country, the nation will suffer. They will get rich while the people who pay taxes do not benefit from the taxes they are paying. This is probably what happens in our country, where corruption is rampant from the higher to the lower levels, leading to a degradation in the quality of service provided by the government.

I just focused my explanation on this because I believe that it's the root cause of why high inflation happened.

You are talking about inflation from a macroeconomic perspective, which is the economy that focused on national income and the economy in a country or in a larger perspective. Here, the role of individuals is to put pressure on state leaders to take a specific monetary policy or to re-elect the president and ministerial staff responsible for monetary policy. Global inflation is not a bad thing, it means that things gain value and therefore more people will start trading and investing, but inflation must be healthy and within manageable limits such as 2% to 5% in most countries, whenever inflation is out of control whenever citizens start in the complaint.

From the perspective of the individual, he cannot make major changes to macroeconomics, but he can reduce the impact of hyperinflation by reducing spending, focusing on investment, and learning a new skill that enables him to increase his income.

Frankly, the fragile economy was clearly exposed when the epidemic broke out, many obstacles caused the old system to collapse leading to the default of many businesses, the employment situation was also not good because as a When one thing goes wrong, the whole system suffers from the same predicament. There are things that I feel strongly about here is that fuel prices go up when the economy is tough, the inflation story really has a lot of problems around it, but overall what I'm looking at here is not is a financial purge, not adapting to the trends and in need of changes will be left behind.

I'm not sure the economy will be the same in each place, but from the perspective of the area where I live, from the issue of employment, product consumption, prices, ... it seems that everything is still not too broken crumbs. It's also possible that with the economy on the rise, the growth rate here is still a pretty good thing, compared to a few years ago. And moreover, some of the currencies that I use or rather the national fiat have always been seen as surprises in the international market, but it is clear that the current economic development policy is still at a sufficient level maintenance and more. But the general context story at present, the world is facing different problems, and it seems that they are all related to each other, perhaps we still need a lot of different solutions to go through this phase present.

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Borrowing is not a bad economic policy because almost every nation borrows. But the most important issue is how the borrowed fund is used. Borrowing to fund capital projects like infrastructures is a viable economic direction. Infrastructural development will improve the local production of goods and services. A country that has good infrastructure will encourage local investments and attract foreign investors. An increase in business activities in a country will lead to the creation of more employment opportunities.

But borrowing will cause inflation when funds are used to finance recurrent expenditures. My country used borrowed funds to pay workers' salaries and service former debt. This type of borrowing will cause inflation and destroy the economy of the country. The most wicked kind of debt is when politicians borrow to steal. Most of these lending organizations sometimes ask nations to devalue their currency as a criterion to access loans. The poor will suffer the consequences of inflation, while politicians will transfer these borrowed funds to their private accounts through diverse fraudulent means.

The question is do we have the right to elect who runs the country, or is everything pre-arranged and our vote a disguise? Moreover, when campaigning, they always show themselves as good people, but when they achieve their goals, their true nature is revealed. As a human being, I believe that there is no one without greed and ambition, so relying on others, the government has never been something that I think about.

I agree with what Franky1 and Darker45 have said, inflation is an integral part of the economy, it exists and works according to its original design.

If the imported goods are cheaper than the cost of domestically produced goods, then there's no reason for the government to boost domestic production and lower the import. The government policy of protectionism can also cause inflation.
The biggest reason for inflation is money printing gone by the central banks. Every other factor is a byproduct of money printing-including high energy prices and government debts.
Many economists state that inflation is better than deflation and that the economic growth is impossible without a healthy level of inflation(somewhere between 2% and 5% per year). I don't know whether they are right or wrong.

Inflation is currently faced by different country and the percentage of it are continuously increasing of course not all the country are part of the third world that has a good kind of management by the government, some of the country need to seek more money just to sustain their economy and one of the best option is to borrow money to the largest countries funds, after that country who have a lot of debt makes more suffer if they cant pay at all or else they need to give some shares or depends on the agreement of the countries, reason why if this inflation increase the salary must need to increase too and not only the expenses of the people.

Inflation exist because of fiat, for me they are just one.

Anything that can be control by the government can be manipulated by them, and makes thing worst without them being exposed of taking this kind of problem as an advantage to take their people's money. The higher the inflation, the more taxes they could gain for the entire population of their nation. Only wealthy people are not being affected by inflation, only the poor ones suffer and the Government doesn't even care at all.

Well, they'll do little something about it just to show the public they actually "care" and they're "doing" their job as public servants.

It overpowers that’s why it inflates actually. Government is not the only factor in everything or all the time. Over the years people has gotten way out with the taxation. It matter a lot when you are running a nation and you don’t have fund because people are avoiding the taxes. USA itself is in such high debts that they can’t even recover it in next ten years. Imagine a country like that without a solution is something furious around the world. I completely agree all the above facts mentioned in the OP but sometime as living thing we mess up too. All the burden comes to printing money out of thin air and thus making things even worst. Agree or not this has some effect for sure.

What you're talking about is a good inflation though which is around 2%-4% I think but most of the time it's always much higher so even if you're to defend that inflation is an integral part of the economy, the point still stands that a lot of country always gets past the good inflation and so it always gives the notion that inflation is bad, and don't get me started on the wage gap in order to keep up with the inflation, if that gap isn't that far apart, I am sure that we won't have any talks about inflation being a bad thing.

I think deep down, everyone knows that the solution here is to make fiat a limited supply and that the Federal Reserve can't create an infinite amount of money in order to increase spending. Reckless money printing is causing this shitstorm but they still continue to do it.

I disagree with this on many levels. Rich don't hoard fiat money for long time periods. Most of their wealth are tied to land, stocks and other valuables. Some assets are more illiquid than others. Every rich person knows that it wouldn't make sense to hold majority of it as in fiat money.

Because, while you are correct that it loses value and is inflationary by design, it hasn't designed to hold value in a same way other assets like gold. There's a reason why US moved out of gold standard... Because it was easier to control the economy during crisis when they have buffer to do it. However fiat money is excellent tool for commerce and economy. It's highly liquid and people can use it to transfer or hold it from large to small sums for a medium period of time and the value of it stays rather stable no matter how much you are dumping it. Even if you liquidate all your holdings to fiat money. Same can't be said about stocks or other assets. If you dump large amounts of them, it affects the value instantly.

IMHO fiat money is a misunderstood tool and if you would get rid of it, it would be way harder to run economies of any country.

I believe that all of that is not that simple. If a country doesn't have inflation, it can sometimes be viewed as a sign of stagnation of the economy. If the inflation rate is high, it's obviously also a big problem, bigger than close to zero or negative inflation rate. But if inflation is fairly low and stable over the years, many think it's a positive thing that encourages people to spend instead of saving, boosting the economy further.
And with other things there are different opinions and cases as well. If a country borrows a lot but never defaults on the foreign debt and keeps using the money to invest into its own economy, it can go fine. If the country relied on imported goods, it can be fine as long as there's something valuable that it gives back to the world and there's a low chance of supply line disruptions.

I would say that in order to address inflation and promote economic stability, governments must adopt prudent fiscal and monetary policies, encourage investment in productive sectors and promote transparency and responsibility in the management of public resources... On the other hand, an important point is to promote financial education so that citizens… this would be essential for them to understand how to manage their resources and make informed economic decisions.

It is clear that inflation and lack of purchasing power can have serious consequences for an economy. The causes they mention are important factors that can contribute to the problem, such as the lack of coherent economic policies focused on local development can encourage the importation of goods instead of promoting national production. Exce imports can increase the demand for foreign currency, weakening the domestic currency and contributing to inflation. In addition, irresponsible borrowing and without a clear plan to generate sustainable income can lead to an unsustainable accumulation of debt, causing more inflation...

There is this you must know about some countries especially Nigeria, the importation rate in our country is really high especially when nothing is functioning in the nation, but they kept borrowing money for no reason and I can't specifically say this is what they are borrowing the for or how often they had to utilized those borrowed funds to boost our economic growth. Take a good look at Nigeria, this is a country that is so industrious and resourceful filled with energetic people who are always creative to even independently do their business without the government supporting them financially or create employment opportunities for her citizens.

This doesn't cause inflation. If there are shortages of supply causing a rise in demand and, in effect, the prices of a particular product, the market will respond by ramping up production and the prices will begin to stabilize. You'll see cycles of this happen in a lot of sectors. For there to be significant inflation, you would need shortages in many sectors combined for the overall CPI to be significantly effected.

It depends the country you are living, inflation can't be overpowered money but the thing is that I understand that because of the rate of inflation now you may conclude that inflation over power money, but I don't believe such because their is multiple ways money can over escape inflation, you can escape inflation through investing to a place inflation will not affect and investing in bitcoin should be one of the roots to escape inflation as I assumed.

In my country, some people talk about the "inflation of the excuses": Ukraine is at war? let's increase the price of everything; people keeps buying? let's keep increasing them.

I would add a new reason to the list: the negotiation power of consumers against big companies is decreasing exponentially due to modern metrics. For example, big food chains can calculate with great precision the price consumers are willing to pay for a given product thanks to, for instance, fidelity cards (not to talk about the effect of increasingly sophisticated marketing tactics). We all know what happens in any negotiation when a party has more information than the other.

In addition, I recently read that it more effective to address the 20% of heaviest buyers who purchase the 80% of the goods than to target more of them. So, it doesn't really matter if you don't buy because something seems to expensive to you: even if seven more people out of ten did the same, it would still be profitable for the big company, who won't lower the price, until you realise that if you ever want that item you'll have to pay the excessive price they ask for it.

I see to your point,since government own fiat,they will use it to manipulate the economy so that the poor ones will remain poor and depend on them for a living. With this,the government will easily make the poor ones dance to their tones by making them surrender to their government with harsh economy. It is only the wealthy ones that are safe from inflation because no matter how high the price of commodities are,they will still afford it without a problem.

How investing in bitcoin helps avoid inflation. The price of bitcoin goes up and down. There is no certainty that the price will constantly recover. The price may reach its limit and bitcoin may be abandoned, pushing cheaper assets into the mainstream

And all of that results to low gdp as well.

I think this can be found everywhere. I hate to admit that I've observed the same thing that these things aren't just the result of the war. While many businessmen and merchants are just taking advantage of the situation.

Oil price goes up and being followed by the goods, and when it goes down these businessmen and merchants won't just go back to what it should be and they'll reason still about the inflation and high cost of everything.

These variables do contribute to an increase in inflation in a country, starting with their currency depreciating against the currency of the nation from which they borrow money or from which they buy products since they must convert it before buying the items they want.

If the government begins to borrow money from other nations, it is a sign that they are losing their moral authority because they are unable to generate enough income to meet their needs. Furthermore, taking on too much debt renders a nation economically helpless because its leaders will be preoccupied with finding ways to repay their debt rather than developing productive ideas, which will ultimately lead to the collapse of the nation and make life difficult for its people.

There’s no way to avoid inflation but if you want to earn more over the inflation rate, then investing are one of the option that you can have and Bitcoin is also there. BTC is volatile anyway, there’s no assurance for the profit but of course if you know what you are doing I’m confident that you can beat Inflation with your Bitcoin investment, all you have to do is to be more professional and trade confidently.

I said investing investing in bitcoin will help to escape inflation, why do you think that during inflation depending on the country you base you will see many people rushing to invest their money on bitcoin, what they doing is to retain the value of their currency so that it will not depreciate in value, and they know that bitcoin have two regulations and the two regulations is either bitcoin fall and they make loss or bitcoin increase and when bitcoin increases the investor have escaped inflation at that moment

This is the state of some countries today, especially in the third world. The governments are just borrowing lots and lots of money. A new government gets into power, and the first thing they do is to borrow money and hang it on the neck of the country when they leave office after embezzling money. They don't even invest government money in funding local production, rather they would be relying on importation. This is killing a lot of countries, seriously.

Its not certain or absolute that a paper note for money must lose money.  If we have a fixed ratio of paper to a set value then it cannot lose value in that normal way except by default otherwise its just a paper equal and has utility by means of easier circulation and divisibility.  Unfortunately what has happened is the ratio of value to nominal paper note figure is variable and invariably the ratio loosens almost constantly.    
  By design central banks are determined we have inflation of 2% per year so that much is true, they have no target to maintain value.  Over the course of your life 2% is alot of accumulated losses.    Factors to look at are fiscal deficit and trade deficit, both these things will indicate acceleration of losses.

I am not an economist, but i do know the physical effect of inflation on fiat currencies , and also know that it doesn't promote economic growth both in the short and long term, but rather, create hardship based majorly on the high cost of living, which also is always as a result of inflation devaluing the currency, causing the price of things to skyrocket over the roof.

As long as this world is concerned, ive said it one time here that, we can never have a perfect system, or perfect economy, and a fiat currency that does not loss value over time, paper money can never maintain its value long term, and why?, lets not dive deep into the intrics, but lets put things in a layman's language, some thing a five years old child can understand, paper money is unlimited in production and circulation, as long as government keep printing more money , not minding how much money is already in circulation, paper money will continue to lose value overtime, the more common something becomes, the more the society values it less - this is a common rule.

well the worst thing is that, we can do nothing to prevent such inflation from reducing the value of our money which in turn also reducing our buying power, its just how it is and I guess we should just move on and instead
try to find another source of income, honestly considering the fact that having less than 2% inflation rate is already considered as good, regardless its still inflation occurring towards the economy overall, it still means loss overtime towards our assets, it just means that just saving up the money in bank will instead cause us to lose money, the wisest decision nowadays is to invest and also add source of income. that way we will be spared from these inflations.

how we survive the inflation really depends on how we attack this kind of problem. should look at personal level, on how we can address this like finding side jobs, reducing costs, not buying luxury items or tending your own garden. we can't rely from our government so we need to find ways how to help ourselves in this situation. blaming the government won't do any good.

Nice write up here.  This is something that I'm often discussing for work.  Here in the United States inflation rose to 40 year highs, somewhere around the level of 9-10% (on average).  Some stuff inflated 60-7-80%...crazy stuff. Like seafood for example exploded.  Thankfully we've managed to get it to come back down to earth..where they say it's around 4% or so, but I still feel like it's much higher.

FINANCE TIP:  Never keep your cash savings at a regular type bank accounts such as Chase/Wells Fargo/etc. Make sure you use online banks (or some credit unions) which offer much higher interest rates.  Bannkrate.com does a good job of showing who's currently got the best rates.  Just for example Chase banks and Bank of America (the worlds two largest banks)savings accounts have an annual interest rate of .01%.  Ally Bank has an annual interest rate of 4%.  One is keeping up with inflation and one isn't even close..ie you're losing money in it!  INSANITY

This! I can only hope that everybody here in my country will soon be digitally literate that they will finally eschew keeping savings account in brick-and-mortar banks and shift to digital banks. Savings in traditional banks earn interests that are much lower than the inflation rate. In other words, you're saving money to die, slowly but surely.

In this digital age, traditional banking is biting the dust. Popular GCash here in my country offers 2.6% annual interest. PayMaya, on the other hand, offers a base interest of 3.5%. There are others. They all offer much higher interest rates per annum. Fintech is fast developing. It's about time we ditch these old banking style.

Yes, I can give an example of this from my country. We had local sugar production here through the cultivation of sugar beets, but due to the government's stupid policy and corruption, one of the merchants was allowed to import sugar at high prices, which caused the elimination of local sugar production.

Instead of the government encouraging and supporting farmers to continue growing beets to support the production of local sugar at cheap prices, it allowed merchants to import sugar from abroad, which caused the elimination of beet cultivation as well as local sugar production.

This devaluation of money is one of the main causes of inflation. The government has had to increase the prices of gas, oil and electricity at various times due to the increase in prices in the international market. This has resulted in increased cost of production and inflation within the country. A number of products are exported at a large rate despite not being enough to meet the domestic demand of the country. There is a shortage of goods within the country and the price of these goods increases. Market regulation is also needed to prevent inflation. Since this is a private sector matter, the task is not easy For this, the government should use its tools and increase monitoring.

an increase in that sector does affect other increases, and inflation cannot be avoided anymore, because basic materials such as oil for example, of course, will increase production costs in which their distribution will also increase. and in the end it is the people who feel the impact, therefore government supervision is very important considering that inflation seems unavoidable but at least the government can control it so that people do not suffer too much

You must be ignorant of this economics, inflation exists because of an economy, and whether it's fiat or anything else, the price of commodities may still rise. If you heard stories from the olden days when trade-by-barter happened, inflation also happened and it's simply because someone or sector(s) increases the price/value of their commodities/properties to sell and others follow that trend. It might go on like that until the situation is cautioned.

Not even Bitcoin can stop inflation, it's economic-bound. If the whole world stops fiat and starts spending Bitcoin, do you think there will not be inflation? Then you are a joker.

Inflation is induced by the economy and bad policies, not flat, except that people will know the effect through the country's currency (fiat). You guys are only mistaken this because of the investment opportunity in Bitcoin, but this will change if Bitcoin is being spent in place of other currencies.

Indeed, energy prices play vital role in influencing the fluctuation of inflation rate, and it is an important component of consumer price index (CPI). We have witnessed how sharp the prices of energy surged aftermath of Russia Ukraine war due to supply chain disruptions, which subsequently caused rapid increase in inflation. This situation serves as a good example that how fluctuations in energy prices can trigger sharp increase in inflation within short timeframe.

Actually talking about inflation is a complex matter and requires in-depth study on this matter. But as far as I understand that inflation is actually needed by a country to be able to control their economy and their currency. But of course the government's inability to control inflation will be fatal for them, because it will cause chaos in their economy and there will be many people who have difficulty being able to buy their needs because of rising prices. That's why smart governments need to be able to manage inflation and deflation in their countries so that this will not affect the economy and the value of their currency.

You are absolutely right, inflation is a complex and multifaceted phenomenon, and its not always bad for the economy. Government often utilize this tool it to stimulate the economy and sustain business activities. In fact, it is better than deflation that slows down the economy and causes job losses. Therefore, it can play a constructive role in maintaining a healthy and dynamic economy when used prudently.

I agree, there are online/digital banks that are offering better rates for an annual rate if you ever choose them to deposit your money. And the catch is that you're also free to withdraw it anytime at your own will.

Before, I was a fan of time deposits but I've learned it all along that it's good to get into it if the rate defeats the inflation rate that your country is experiencing. Otherwise, it's much better not to keep it there and find a better asset or investment that will earn more than the inflation rate so that you'll retain your wealth and its value.

Bitcoin's volatility indeed confirms its potential as a haven against inflation, as it remains impervious to the abrupt impact of inflation in any given country. Instead of allocating 100% of our assets to FIAT, which is inevitably prone to annual inflation, I find it wiser to diversify a portion of our holdings into alternative assets like stocks and Bitcoin. Diversification becomes essential to safeguard the value of our assets, or even better, to witness them grow.

However, I must acknowledge that Bitcoin carries substantial risks. As you rightly pointed out, any asset, including Bitcoin, could face the risk of being abandoned by the masses. We cannot prevent people from selling their Bitcoin and potentially deserting it. Undertaking such a venture requires a willingness to assume considerable risk and mental fortitude.

In essence, exploring avenues like Bitcoin can be a prudent strategy to protect against inflation, but it demands a careful balance of risk management and preparedness to face the uncertainties that come with it.

This is why we pick bitcoin instead. Because inflation makes bitcoin price go as much down as possible and that is the best thing to do for bitcoin, I believe that it would be best if we avoid using fiat as much as possible since the return is not there and the results are not that great. If you keep on investing into bitcoin instead of fiat stuff, then you are going to end up with a lot of profit in the end.

I bet that it is going to take a while, it is not going to be simple, but if you can make that work then I am sure that it will be not that difficult to make a profit when you can. Bitcoin will surely go up on the long run, and one of the reasons for it is the inflation at fiat as well, hence why bitcoin is much better option.

Borrowing is not a bad economic policy and it is an important part of the financial performance of many countries. Borrowing to finance capital projects such as infrastructure can bring many economic benefits. When a good infrastructure will provide the necessary support and facilities for business activities and investments. Thereby encouraging domestic investment and attracting foreign investors, contributing to economic growth and creating job opportunities.

Mainly how the government manages loans efficiently and fairly. If they use loans wisely in potential projects, it will contribute to creating long-term economic benefits. On the contrary, if the balance is not well balanced, it will cause inflation problems and destroy the country's economy quickly.

Totally agreed, loans is necessary for certain country especially for a country that has rapid growing economy. The countries that has issue with their loan are mostly because the government is corrupt. If the government use the money to grow the people's economic inflation wouldn't be anything to worry.

As sad as it is, we all should know that inflation has come to stay. Government fiscal and monetary policies have not been able to stabilise the prices of goods and services.
Fiat keeps devaluing as the day goes by. This is why we should engage in investment that will give us multiple streams of income to keep up with the world's current economy state. And also we should try to save in bitcoin or cold which will fight against inflation.
The issue of of inflation is not peculiar to just one country, it is universal.

Energy price really have great effect on price of commodity. For example here in my country, the price of petrol went up twice recently and this has cause price of commodity to go up causing more inflation. Increase in energy price can't be left out as a factor causing inflation.

I think there's a need to understand this inflation from the perspective of currency and asset values, once it's all talking about fiat economy system, inflation must set in because the value of fiat currency cannot sustain the economy without being affected, that's the running of the policies right from time, regarding bitcoin since the introduction of cryptocurrency, bitcoin has a separate network and run a different system incomparable to the centralized fiat economy runnings, bitcoin cannot change the inflation from fiat currency but can exist independently without being affected by inflation, so if anyone could want to have a different experience outside the inflation role then adoption of bitcoin could be a preferred solution because as inflation continue to occurs the value of bitcoin keep increasing over time because bitcoin is a volatile currency while fiat Wil keep loosing value over time when inflation looms in.

Overall, fiat provides users with flexibility and convenience when it comes to trading and storing value. It has a high level of liquidity, making it easy for users to convert to different currencies and make daily purchases.

But while good, fiat also has disadvantages because it is prone to inflation and loses value over time. Besides that is heavily dependent on the central bank, to maintain its value. Therefore, a stable economic environment and public confidence in the currency will help reduce the risks associated with fiat.

That's true because with the increasing price of petrol every other materials also get expensive so if the price of petrol and gasoline  are under control then inflation will also be able to Control.

Inflation does not effect only poor but its also a big threat for wealthy people and everything is of higher cost instead of vast amount of resources present in our country. May be the country's leader do not have any idea about the uses of these resources or may be they are scarcity of these resources but what I know is that here is abundant of gas, petroleum and water resources so they should worked on it to provide for each and every individual of a country.

Actually every one had their own reasons for borrowing,So we can’t blame the people who borrowing money.But borrowing will steal your peace and happiness,after borrowing money you are forced to pay certain amount on a fixed date.In a meanwhile you get any financial problems,but the borrowers will not consider it mostly.Because their fully motive will be getting additional money as an interest at your hard situation.So my suggestion is only borrow the money at the emergency,don’t borrow money for your luxuries life.

The issue with inflation measures is that they're highly inaccurate in presenting the broader picture. As you've already mentioned, energy, and I'll also add fuel prices, play a vital role in inflation. Higher electricity and fueling costs mean an increased cost of production, which means an increase in the price of goods, which the consumer is faced with paying. However, inflation measures don't take into account the increase in energy and fuel; thus, when we hear about 10% inflation, it's actually a lot higher. Personally, I'm having to pay a lot more money for fuel and energy bills than I used to.
All banks offer poor interest rates that can't compete with the increasing inflation, even at normal periods when it isn't spiking like it currently is. The only way to counter inflation is by investing in assets, such as stocks or bonds.

It is convenience and that rule of law which makes it so dominant but its all lost if you cant go to sleep and retain most of your value you had when you saved it there.   Savings that lose value are a horrible irony and waste of time when it really slips out of control.   There is point where every FIAT currency just has to give up, they cannot pay their debt and printing more is pointless.
  Many modern countries are in a similar situation to Greece with overwhelming debt spent on projects not yielding any benefit long term just spent money that cannot be expected to be returned.   The difference being they have retained the ability to print off new money to pay off the old debtors, its a soft default not hard but all the same value is lost in the process and many countries have repeated that loss to debt holders many a dozen or hundred times.   Eventually we require an alternative despite government mandating usage of their particular branding to paper transfer of value, the fungibility and liquidity I think fails to maintain the status of any modern FIAT currency, very few retain the ability to actually back their paper with a promise to exchange for worth on demand.

In Venezuela or similar its a weight of 10 lbs of paper to buy  1 lb of meat and its probably become worse since I saw that video.   All countries do this and all the Federal reserve promises to do for example is maintain orderly markets, they give no promise to keep value retained only not let slip entirely the rope holding up the façade .

They as governments have no limits, no governmental restrictions to prohibit themselves in printing more fiat currencies. Their fiat currencies can be printed more and more, no caps. Do they consider their printings as risk of their fiat currency value?

I believe they do know about that risk but they don't mind because if they don't print more money, their governmental operations will be halted and more political problems will occur in their societies. The wealth of their citizens and purchasing power of their national fiat currency are not what they care most.

The Covid-19 pandemic and massive QEs in many nations came very suddenly but they gave us many red flags. The story of Venezuela is very old and hyper inflation in that nation started years ago, long time before the pandemic outbreak but I agree that it is a classic story about failure for fiat currency and central bank.

Basically, yes, the value of a currency will decrease in price due to inflation. Inflation is an event where there is too much money in circulation, but the ecosystem uses it a little, which makes the exchange rate lower. In my opinion, there is actually no term "inflation beats the value of money" because Inflation is another word for the decline in currency value.

And this is related to monetary policy, economic policy, taxes, and others related to the rise and fall of money productivity in terms of usability, control of supply and demand, which results from policies that are set into the economic system.

If the policies issued do not have calculations that meet the needs and standards of macro and microeconomic developments, it will cause uncontrolled currency failure, as happened in Zimbabwe.

Well, there is a need for growth, and there is also too much growth over short period of time. If you have 2-3% inflation that's not bad, that means growth and that should happen, people can get that much in their salary increases as well and could grow in position until they are a bit late, that way everyone lives a happy life and all goes well.

However, because there are situations like 2008 and 2020, we end up with high inflation that ruins peoples money and investments, and that causes people to be falling short of what we are talking about here, and that should be important to remember. I know that it takes time to handle all of this, but if you can, then you are going to do as well as you could hope for.

Indeed, investment in stocks and bonds is considered as a secure option that can help counter the effects of inflation, as their long term returns have often been significantly higher than inflation.  However, it is worth mentioning that returns on Bitcoin investment have consistently been far higher compared to traditional assets over the past 15 years, due to its inherent characteristics of hedge against inflation.

Both of you made good points. Instead of letting your money be stuck in the bank with significantly low-interest rates that do not compare to the continuously increasing inflation, it will be better to invest in assets and Bitcoin. Between the two, it will be up to personal preferences and knowledge in which an individual will choose to invest. Personally, I do both, but it is nice to know there are options for our money to grow amidst inflation.

Although cryptocurrencies, especially Bitcoin, have shown great returns compared to other investment products, it's also worth pointing out that returns from any kind of investment are never guaranteed. With that being said, even if you invest in an attempt to counter inflation, there's still a decent chance that the results you're anticipating won't be met. Bitcoin, for instance, isn't generating passive income in the way stocks do through dividends. Thus, although Bitcoin has proven over the course of the years that it runs through a series of circles, a few wrong moves and a negative market may lead to a loss of funds.
Although I've never bothered with the stock market, I believe that sometimes combining your options and creating a diverse portfolio is the greatest option in minimizing the risk.

@AicecreaME, I totally throw my weight behind your point as it's exactly the situation in my country with the government haven raised interest rate at three consecutive times just within the first quarter of 2023 in a bid to bolster the country economy against inflation spike. And this interest raise has affected the ordinary citizens in many ways as we are the ones that bears the costs of it all through indirect tax in electricity tariff, foodstuffs and internet services etc, that have consequently increased in price.

It's sadden that those we give the privilege to be in central authority of the nation's wealth are managing it only to serve their cabal best interest, with little positive effects on the citizens with every policies formulated and promulgated.

Inflation is a classic problem that often and will continue to occur, the main factor because the central bank will never be able to control prices, different things if the government wants to use money based on gold so as to make the trust of everyone will increase, the value of money based on gold will never go down Because gold prices can overcome inflation.

You could argue that all the levers that are available to central banks have assisted certain countries in being able to contain and fight inflation/deflation in the past, so it's not necessarily a bad thing or uncontrollable thing. You could argue that government policy is similar to the policy of the foundations that look after certain cryptocurrencies, so they are not immune to outside influence either. Plus they will forever be at risk of the 51% attack, which is not a problem while it's popular but could face problems when popularity wanes.

Yes, you are absolutely right. Excessive government borrowing can cause a high inflation to a nation because When government borrowing becomes especially large it can substantially reduce the financial capital available to private sector firms, as well as lead to trade imbalances and even financial crises. And yes we can see the situation of our neighbour country Pakistan struggling to overcome from this attitude of borrowing money but still they are unable to overcome from this.

It is important to highlight that Stocks markets have been established as traditional platforms  for investment and trading of shares since decades. These market play important role to channelize investment for growth and expansion of companies business activities. Moreover, they have been instrumental  in creating many Millionaires who timely invested in highly performing stocks, such as Amazon, Apple ,Exxon and many others.

In summary, it is advisable to include stock of well performing companies in our investment portfolio, in addition to Bitcoin, to effectively mitigate the impact of rising inflation.

These things happen when the government officials or politicians of a country are corrupt to the core. They keep hoarding money for themselves that they get either from taxes or anywhere that comes in the government treasury, they never spend the money what it is meant for, which leads them to borrowing money from other countries or the world bank which then keeps interests piling up, since they don't manage things well, the currency starts devaluing.

The political leaders or the government don't really care much because they think that they will just leave and someone else will take the seat and he will manage the things further. When the next government comes, the condition of the country is not even controllable because of the corruption that has been done by the previous government.

Definitely.

That is the reason why all of the banks are good as storage of money, for safe keeping. But as a place to get to as an investment, you'll get barely enough from them and can't even defeat inflation through their products.

The good thing with these struggles is we keep looking on better ways to manage these inflation rates and that's why some assets came out as good options such as Bitcoin, real estate, bonds and other instruments that we can choose.

But again, be sure that you'll know the risk because it doesn't mean that you'll invest it in something where you have a 100% chance of getting it back. That is why others tend to hold their money in banks, but with a rich mindset, this is what they are doing: investing in something where you have a chance to gain more profit or earn more money. For myself, I both hold money in the bank and invest in assets, mostly digital assets like Bitcoin. I know this can't prevent inflation, but it can give me more income to fight inflation.

Of course, inflation is "included in the program" of the modern economic model, because if you print money endlessly, then a decrease in the purchasing power of this money is inevitable, that is, the very depreciation called inflation. There is even such a thing as an inflation tax (https://en.wikipedia.org/wiki/Seigniorage#Seigniorage_as_a_tax), which in a sense is a hidden tax that everyone who uses money pays. These are the rules of the game imposed on us. There is an alternative to avoid this, called bitcoin.

Inflation overpowers the value of money, do you think you are saying opposite to the truth?

Inflation causes decreasing power of fiat currency so it won't overpower fiat currency. Inflation does not always cause purchasing power decreases but most of times it does.

Purchasing power of the US dollar over time (https://www.visualcapitalist.com/purchasing-power-of-the-u-s-dollar-over-time/)
Purchasing power (https://en.wikipedia.org/wiki/Purchasing_power)
https://www.visualcapitalist.com/wp-content/uploads/2021/03/Purchasing-Power-of-the-U.S.-Dollar-Over-Time.jpg

If you feel not satisfied with the US dollar, you can look at the Venezuelan bolívar.
In Venezuela, inflation and dollarization deepen schism between private and state employees (https://www.reuters.com/world/americas/venezuela-inflation-dollarization-deepen-schism-between-private-state-employees-2022-05-09/)

As long as there are countries or whatever owes money to the IMF/World Bank, inflation will continue to reach a critical point. Currently, the debts of all countries in the world are enormous and impossible to repay. The situation will improve if the world bank writes off all the country's debt or there is a big reset and maybe a new currency replaces paper money. The whole World has been entangled in this degenerate system and will not be able to get out, Bill Gates, Jeff Bezos, and Elon Musk are just a speck of dust compared to the people behind this system, they can create a world crisis in just a short time.

This fiat policy needs to be controlled because they are not aware that the more fiat they receive, the ability to buy the fiat value they get is not balanced with the initial nominal value of the fiat. Therefore, nowadays people are intensively studying investment because from investment we can balance the value of our money with future inflation rates which are always dynamic.

You are absolutely right, inflation also affects wealthy individuals who run diverse businesses, as cost of doing business escalates when interest rates increase due to higher inflation rate. It is important to recognize that central banks continually strive to maintain inflation and interest rates at a reasonable level so that business can borrow money from banks at minimal rate to meet their financial requirements for business operations and growth. Achieving a balance between inflation and economic growth is an ongoing challenge for policy makers to ensure stability of the economy.

This illustration is well-known in the economy world and I would guess that it is usually right and not a wrong thing in there. Inflation is really hurting not just one nation but the whole world and the fact that we have crashes here and there is an important difference as well and should be considered as a big deal. I understand that it may not be that great anytime soon, but it should be considered as a big deal.

In the end, I am guessing that we should be considering this as a big deal, and yes it's not going to be simple and different but at the end of the day we are talking about a big deal here for financial reasons so nations should find a way to stop all this and save aside during bull years and use that during bear in order to prevent crash.

This is true. I know a lot of businessmen who were forced to either shut down their business or sell it at such cheap price due to inflation. It is best to remember that the rich also consumes, they also buy from the market and hence they also feel the effects if inflation especially for their businesses. Yes, they are forced to sell their goods and services higher but it also cost them clients and customers who cannot afford the sudden spike in the rate.

Inflation is something that anyone hates, those who have a fixed or irregular income will of course be affected by inflation, the value of money continues to decrease, so we have to always think about increasing our income.

Exactly poor and wealthy people are both affected. For example, for a minimum wage earner, comparing the prices of goods and services, their wages may not catch up, decreasing their purchasing power. This can make it difficult for them to make ends meet and afford basic necessities, which means lesser consumers for the wealthy individuals who are in line with business industries. Either way, we cannot deny the fact that inflation can have a ripple effect on the economy as a whole.

When inflation is of course we have to spend more money, what usually happens is when the national inflation is around 7% per year but the increase in food ingredients can be more than 15% or 2x, of course this makes us have to think about looking for extra income and think about reducing expenditure items .

Raising prices during inflation is not so easy, especially when it comes to even companies where competition is very high. In the case of monopoly companies, it is very easy to do this, they raise the price and the consumer has no other choice but to pay this price.

But for private companies with great competition, this is difficult to do, because the consumer has less and less money and there are competitors who have more resources and will keep the price low for as long as possible, not all competitors will withstand this. A declining economy, coupled with high inflation, is bringing tough times for everyone, for business and consumers.

They are both affected, but unequally. Inflation hits the poorest first because relative to their wealth or income they have to spend the most for food, housing, energy and mobility. This relative difference is absolutely important because the calculation is quite easy:

Person A earns $2,000 and pays $1000 for existential needs, inflation drives prices up by 100% while wages stagnate, now person A pays $2,000 out of $2,000 for existential needs.

Person B earns $20,000 and pays $2,000 for existential needs, all things equal, now person B pays $4,000 out of $20,000 for existential needs.

Person B doesn't only keep 80% of their income despite inflation, but person B could theoretically decrease the cost for existential needs by moving into a smaller apartment or selling the expensive car for a cheap car. Person A has nothing left after inflation and can't anything about their lifestyle either.

And when inflation is high and money is scarce people will begin to cut on all kind of superfluous expenses in order to buy what they really need, so if a business is selling goods that while necessary they are not really indispensable then they will see a serious drop on their sales, this is what affected a great deal of businesses during the pandemic and a great deal of those businesses are still struggling as now people learned to live without those goods anyway and the demand never recovered.

When inflation is out of control it will cause several quite complex problems. And one of them is the decline in people's purchasing power which will slow down the circulation of money in the market. And if it continues for several periods, it means that a recession has occurred. And that is a fairly critical condition for economic growth for a country. But as long as inflation can be controlled then everything will be fine. It's just that inflation seems to never stop. Because we realize that prices that go up never go down again and keep going up from time to time.

I agree with you. Inflation decreases the buying power. Before 1 year same product price was one third but now same product price is too high. We have to think to increase our income. Our income directly depends upon skills which we have. If we work on skills then we can increase our income. We can also increase our income by making YouTube channel and work on it for one year without gaining money. After one year, YouTube earning starts and in this way we can beat with inflation. Job holders cannot compete with inflation because job
holder depends on your Boss or government and Boss of business and government increase salary annually. Government can take out money from pocket of public at any time by print money. When government prints money, currency value decreases. Government can increase the rate of unit of electrical at any time . In this way, inflation increases. Business owners can beat with inflation by buying assets and they invest in assets.

We cannot do without coming across the influence of inflation because the economy we run operates by the models and policies that favours the continuous occurrence of it, ours is to always have a back up to what to do immediately inflation is sighted in the way we run our economy, the world at large is in control of it and we should also take every necessary steps in working towards avoiding this from happening to us the unexpected way, the more money is being printed the higher the level of inflation and the higher the value of money decreases.

Storing money in the banks might also be called as investing because they pay you some incentives but it's only smaller than those who are dedicated for this purpose. We also know that a smaller return means a smaller risk. That is the only good thing that banks can offer to us. I like what you are doing there.

It can also be classified as diversification. Bitcoin is said to be a hedge against inflation, so we can really prevent inflation this way. It's only ironic if we sell our Bitcoins for cash and we HODL the cash for a while as that can still be affected by the inflation. I think it's better if we can just retain our money in Bitcoins. We can still use it for direct purchasing since Bitcoin is still a currency.

inflation is a very important part to the economy of a country that is why the government always ensure that, there are some certain rules that are set aside to help the economy grow as quick as possible. Sometimes the law that is created might not solve the problem of the people that is why sometimes it can reverse to a level whereby there'll be high inflation leading to increase in price of foods, goods and cost of human labor. High inflation is caused by lots of factors which includes bad government, polices and war. Just like the current situation between Ukraine and Russia.

Anyone certainly does not expect to get inflation problems, because with inflation, the value of money will continue to decline and certainly makes us have to use emergency savings or sell assets, and it's time we must always get sources of income from others, for example with business, investment or others, Don't just keep quiet and blame the situation because our situation will be more difficult if we don't act immediately.

The fact that we deposit money in the bank is also profitable but not significant and if inflation is taken into account, our currency depreciates heavily. In my opinion, depositing money in the bank is only considered a savings for short-term emergencies. Never view it as an investment or a store of value for the long term. So I wouldn't consider depositing money in the bank as diversification because our asset value is decreasing day by day.

In theory, bitcoin is a decentralized currency, but so far, not too many stores or countries allow payments with bitcoin. So it would be inconvenient if we kept all our money in bitcoin. No matter what we say, fiat is the main currency, still the primary payment method, and still necessary in our lives.

Energy price really have great effect on price of commodity. For example here in my country, the price of petrol went up twice recently and this has cause price of commodity to go up causing more inflation. Increase in energy price can't be left out as a factor causing inflation.

we should act in the right way to avoid inflation. actually company get benefits from inflation, the excess raw material that they bought last year will give the company extra profit if the company produce product using that material in this year as the price of the product that they produce is increase because of inflation.

Yes, this problem has always been a major artist everywhere, and the general question is always whether the above Government Debt is safe, and can the Government pay it and what effect will it have on future generations?

Now, what we need to know, the first point at a certain critical point is seen as one of the Government's strategies in managing state finances, meaning that in this case the procurement of foreign loans is used to meet priority needs under reasonable conditions from creditors, which basically provides benefits for society and support economic growth.

Well, in short, if their math is good, not corrupt in the implementation from the stakeholders, I'm sure the results will be directly proportional to what was planned and have the potential for a large post-borrowing return, I don't think it's a problem.

Acting must always be there because it is always far better than being silent and blaming any circumstances. From what I have observed, inflation can also occur due to a lack of natural resources which are often used for daily production materials and a lack of expertise from humans who often sell their services for various fields. So to overcome this is certainly not easy, although it is not an impossible thing to overcome because everyone has to act in their life, be it through work or through honing their skills so they can manage natural resources well enough.

This is quite logical, because the condition of inflation is indeed a condition that is very liked by companies or factories that always produce goods using raw materials from nature. Because directly the company will benefit and those who often sell their services will also increase their prices so that people can only avoid this by acting on more jobs and honing their skills so that we can also sell certain services in this inflationary condition so that income in life can also increase.

I cannot agree more with you. There is no point in for hoping any change if we do not act. If we are just going to sit in a corner and blame whatever it is to blame for the inflation we are all experiencing then we are all just gonna be stuck here far longer than necessary. Find ways to battle the increasing price of the market, meaning find more sources of income and try to plan every expense. We cannot expect to find any changes if we do not change our own ways and actions.

In any situation and condition we will only be able to rely on ourselves. This includes dealing with economic crisis situations such as when high inflation occurs which begins to get out of control in a country. And to face it all we ourselves must make careful preparations. Don't let the pandemic tragedy of previous years have a major impact on our economy again. We must be prepared for situations similar to those of a pandemic. Because we don't know when the pandemic will come back. So it's better to have preparation than nothing.

The OP talked about increasing local production and encouraging people to love local products more. Well, all of that is the truth that every country should start doing about encouraging its citizens to love local products more. Because it can encourage the improvement of the local economy to a better track. And maybe inflation will also be more controlled in this regard.

You have a point but again it is difficult to find another decent source of income right now as most people want it again you have no other choice because you are just going to blame the government and without doing anything you'll starve and still government don't care with you, another source of income is necessary right now even it is small income like selling foods with your co-workers or any side hustle you can think off as it can add up to your salary, right now hustle hard and lets just sacrifice our free time just to earn extra.

The key to change in life is acting to do work that can bring income. That is, complaining and blaming anything will not give us or anyone else anything, because in the end everyone has to work for himself according to the skills he already has. So in general we are all required to work in life to succeed ourselves under any circumstances so that additional work that can provide income is always more suitable to be done even though we are not in a condition of inflation, especially if we are in a condition of inflation.

It's okay to sacrifice the time we have as long as the income can be very clear, because time is also an asset in life besides money. So that most people are willing to sacrifice their time to earn money because it has become a very normal thing in today's life, especially if at this time it is not easy to get a side job or additional work that can help reduce the cost of living in life. And for the advice you gave, I think it is also very suitable for some people who are trying to earn extra income for their lives.

 Inflation, a beast we've created through our irresponsible acts, isn't merely a concept. It is the bleeding reality of nations who have neglected the fundamentals of economic health!

Lack of purchasing power isn't some twist of fate; it's a direct consequence of thoughtless policies. Let's address excessive government borrowing: a suicidal tactic, if ever there was one. African countries, as you mentioned, don't seem to borrow to empower their futures. Instead, they seem hell-bent on selling their tomorrows for today's trivialities! Borrowing without a clear plan of repayment or a vision for development is not just imprudent; it's sheer madness.

Unwanted and unstable government policy? Couldn't agree more. Why, in the name of all that is logical, would you import what you can produce? We're not talking about rocket science here. This is simple economics

A nation without robust domestic production is like a hollow tree;  it looks strong from the outside but will collapse at the slightest push. Without empowering local producers, governments are digging their graves and ours

It's only those who are lazy at work who keep complaining and blaming other people for various things, they think they are capable even though they can't do anything but complain. You are right, under any circumstances we are required to continue to develop our personal potential so that we can continue to increase our income. If we don't get a decent income, under no circumstances will we be able to provide for ourselves.

There's no denying that the inflation that rises every day is caused by the government but our complaining won't make them do any better for us. Indeed, instead of whining, find a way out of that damn inflation. And we have many ways to get out of inflation, not just rely on the government or someone's help.

I really don't understand why so many people continue to whine, blame the people they put their trust in and refuse to work harder. As long as we put in more effort, work harder and plan for our future, I believe that even more inflation will not make it difficult for us. We also have good anti-inflation assets like gold, especially bitcoin, why don't we take advantage of it?

Yeah, As you said above, don't underestimate the basics of economic health and that is something that needs to be reviewed and monitored continuously. If rising prices for goods and services cause a decrease in the value of money and GDP and it becomes one of the important indicators to read/know the condition of economic health in a country. a certain period of potential for inflation itself.
     

Inflation is currently happening in all countries. Due to covid-19, inflation has started to worsen in every country. Also, there are many other reasons for the worsening of inflation. Money from one country is smuggled into another country by corruption.  Inflation has arisen today due to anti-violence.  Day by day the prices of daily essentials like oil pulses rice flour etc. are increasing thus inflation and definitely food inflation is at its highest level.

All currencies are going to be devalued when their country's government prints money out of thin air. But even a country with a lot of resources from food, oil, and manufacturing lines will still be affected when the global reserve currency is the one being printed excessively. All other countries are going to be affected because our base currency (USD) which prices are based upon is printed in trillions.

As of this time, we buy oil from Suadi BRICS countries pay in Yuan but still, the price is based on USD which means we compute the price like 80/per barrel then we pay $80 worth of Yuan. If countries like BRICS don't want to be affected by inflation, they need to have their own base currency which they also plan to be backed by gold.

it can't be avoided, we can only really know how to prevent it from happening to us. usually here I think we should start investing in long-term assets like gold. This is very important if you really have enough assets. paper money will not last long at the same price, it always experiences inflation. buy enough stuff then save more for gold, it will definitely help when massive inflation occurs.

True, Gold is still the safest commodity to maintain the value of money in the long term. Inflation is not a new thing and every country must experience this, so it is necessary to learn from experience to keep the value of money that is owned is not lost. One way is to invest in gold, property or bank deposits.

Each country has its own way of dealing with inflation in the country, individually I think it is also necessary to update several investment opportunities to secure the money you have.

Basically when there is GDP growth it is also accompanied by inflation growth which is basically when someone becomes a worker and there is a salary increase that is not higher than the inflation value of the daily needs needed by the worker. So, even if the salary is getting higher, the daily needs spent on living will be higher than before. So what happens is getting poorer even though the value of money held is getting bigger.

Maybe this is his way of dealing with inflation.
1. In general, what is capable of tackling inflation is government policy.
2. Give room for anything that is considered easy for government decisions.
3. Respond to the symptoms of inflation by leaving the consumptive lifestyle.
4. Try to find additional work or additional money.
5. Don't forget to invest, but it's better to invest in bitcoin, because this is the best way to deal with inflation.

Investment should never be one-sided. We should know how to invest in many areas and diversify our investments according to the current situation. Gold has always been a preferred investment tool. There are many options to choose from when choosing your investment.

We are in the place where Bitcoin is talked about the most. While diversifying your investments, you should include Bitcoin among these investments. Just as gold is an investment tool that protects the value of your money in the long run, so is Bitcoin.

When we want to find an asset to stabilize our asset value, gold is the choice. But if we want our money to increase more to combat future inflation, then bitcoin will be the more perfect choice.

In my opinion, gold used to be a potential investment but look at gold today, it has become quite stable and the value is not increasing much so it is only suitable as a store of value. Meanwhile, bitcoin is known as a new asset class and the potential to increase in value is still huge, so if we are looking to increase the value of our assets, we should not ignore bitcoin.

Inflation is indeed a frightening specter for the country's economy in general and the household economy in particular because inflation can have a large impact on currency exchange rates.  If the inflation rate is higher then the national currency exchange rate can decrease so that people's purchasing power increases.  while the supply of goods is decreasing/limited, this is caused by a decrease in the value of production in each industry, of course, this is caused by an increase in production raw materials from that industry,
   if there is inflation then there are several strategies that must be carried out in the household so that the money we have does not become a minus later, among them are
   - invest
   - set balance fee
   - looking for additional income

   1. Investing is one way to do it keep the value of the money we have whether it is to buy precious metals, as well as property and land, because of this item have a higher resale value one day, later,
   2. Of course by saving we can stabilize
family needs, namely by not buying something that is not really important or needed at the moment at that time, and even when buying we have to look for a lower price.
3. Looking for a side job is one way to be able to increase income, of course, salary or previous income can be saved for unexpected needs.

   Likewise, if a country is experiencing inflation, the government must carry out the following strategies:
   - Increase production and market efficiency
   - control market manipulation and speculation
   - arrange wage increases

   1. By increasing production and market efficiency government has helped reduce inflationary pressures, Increased investment, technological innovation, and productivity improvements can help meet market demand well without causing  significant price increase.
  2. The government must carry out strict supervision against speculative practices and market manipulation may cause unreasonable price fluctuations market, proper supervision and regulation can preventing speculative actions that could fuel even worse inflation.
 3. Governments can cooperate with unions and employers to determine wage policies that are reasonable and in line with economic productivity, because unreasonable wage increases can lead to greater inflationary pressures,

   May be beneficial to us all...

In the case of some societies, inflation can be a tool to manage their own economy.
Some years ago, when I started to read about the inflation rates by country I realized there are countries that have managed to reach a 0% or even a negative percentage or year inflation. Which was kind of impressive to see.

Though, I continued to wonder why the United States kept a policy of a 2% year inflation and it was not up to this year I realized they do that so the people will lean towards spending their money instead saving it all, it is a tactic to keep consumerism high, and if one is a person who knows the basics of economics, then it is obvious how critical the role of consumerism is within the American society, to the point that a negative inflation could slow it down.

It sounds rather than a problem than a solution, at least in my opinion a 0% through time would be ideal, though that would negatively affect the rates of banks and also the interest rates.

Inflation is much more higher in Africa than any other parts in the world. This importation of products or goods is not the will of the consuming countries but it a force to them. Every country in the world like to produce things on their own even though the materials to produce the things are not available as a country they can buy them from outside and use them to produce what they want. But the evil force from outside would not allow it to happen. And another thing again inflation is within and just like a foreign policy what the country says will be obeyed by the citizens. Inflation is human control.

The government of the can control inflation to some extent if they want it. And to add it up, another thing that caused inflation is taxation from the external borrowing. When they borrow from outside countries, and could not pay back the debt, they would tax the manufacturering companies and the manufacturing Companies on their parts increase the prices to meet up the tax that has been collected.

Inflation is a natural process that gives growth to the economy, if it's controllable rates. Of course, the central bank and government will monitor this every time to make sure it's up to the limit. In every country, there is a certain inflation range that is limited, and the officials try to keep it within that range. Otherwise, it will cause hyperinflation or deflation. Sudden and unpredictable inflation rates are harmful to the overall economy. That leads to market instability, which makes it difficult for companies to plan a budget for the long term. Moderate inflation enables labor markets to reach equilibrium at a faster pace.

IMO, this is makes sense, but once again, it's not the manufacturing companies that suffer... it's the people acting as consumers. this means that inflation is pretty much guaranteed to happen with fiat currency because I see a whole bunch of factors causing its value to drop as it gets older. the longer fiat currency exists, the cheaper and less valuable it becomes compared to the everyday things we buy.

The wage increase in my country doesn't keep up with the prices set by stores or vegetable sellers in the market. This makes it incredibly tough to reduce poverty, especially because lower and middle-class folks tend to be the end consumers.

And this is a problem that will never go away, where the culture of investment is rarely seen among the poor. Their lack of knowledge prevents them from keeping up with technological advancements and taking advantage of great opportunities that could actually lift them out of poverty.

First of all, moderate inflation is not bad for our economy or ourselves. It stimulates economic growth and promotes capital formation.But high rates of inflation lead to a retarded standard of living as they reduce the real income of people. It's regressive; that is, it adversely affects poor people. It increases inequalities (it increases the profit margins of business entities while reducing the real income of the salaried class—the rich become richer and the poor become poorer), and it reduces capital formation.Moderate levels of inflation are acceptable, but high inflation definitely warrants action by the government immediately.

I think that's the whole motif around the modern economy. Just print as much money as you can so people at the bottom couldn't get to the top, and keep the value of those who are at the top at astronomical levels so they can't ever fall down.

It's so stupid to me that governments are also, by the way, obliged to help these corporations when they shoot themselves in the foot, especially banks, but when the common joe does it they either get institutionalized or marginalized from society that they don't ever have a chance at getting their status reinstated. And you'd think there's going to be a paradigm shift soon afoot thanks to bitcoin and crypto but no, the same corporations insinuating these ridiculous schemes are also penetrating the space as we speak. What a fucked up world we're living in.

As a citizen, you cannot moderate the inflation. This is the job entirely of our government through policies and laws that they're going to implement given the situation with businesses and sectors that are contributing hugely to the economy of a country. A high inflation is the result of incompetent government and there's no solution to it but to replace the government officials because it's obvious that they do nothing to stop or lessen it.

Usually with these results, they're just corrupt officials and just sucking the money of the people that are generated through the taxes. There's a huge inequality with this, the poor gets poorer and the rich takes advantage of it and becomes richer. This is the system that we used to live and it's hard to deal with it if you're going to stay into that system without any change that awaits you. So as an individual person trying to cope up and beat inflation, you'll have to do that much for your own favor. It's either leave the country or work your ass off more than the usual working hours together with other jobs or income sources.

   Inflation is not good as it makes the cost and standard of living even more expensive. Goods, services and commodities becomes so expensive and this makes spending to be minimal. Sometimes the poor ones who were just struggling to live through the economy now get into a more dreaded situation because they find it more difficult to afford daily petty needs and then they're just left there with still their minimal income and inability to survive comfortably.
  For the salary earners, they keep securing their monthly pay that's dormant unless in situations of promotions at workplace but still have to live through with the same income even as the cost of their daily living gets high budgets will drop, financial goals and plans would be reconsidered because everyone is made to rethink on their spending just so they won't be stranded when rainy days come. A more stable economy, good leadership would help minimize the rate of inflation but if not, the surviving strategy for the country would be tough.

Inflation, I agree, is a serious issue. It's not just a number that ticks up; it's a real pain for people, especially the poor. When prices go up, the cost of living skyrockets, and that's a problem. Goods and services aren't just commodities; they're necessities, and when they become more expensive, spending dros. It's basic economics. The poor, who are already struggling, find themselves in an even tighter spot. They can't afford the basics, and that's not just bad; it's unacceptable

For salary earners, it's a similar story. They get their pay, sure, but it's worth less and less as inflation climbs. Budgets shrink, financial goals get pushed back, and spending has to be rethought. It's tough out there, and I see that. A stable economy and strong leadership are key to minimizing inflation. Without them, the survival strategy for a country is indeed tough. I've seen it in business; when costs go up, you have to adapt quickly or you'll be left behind. It's the same for a country. We need to be smart, we need to be tough, and we need to tackle inflation head-on

You summarized the situation very nicely. I agree with what you say, especially about increasing inequality. Increasing inflation also brings about a sharp increase in inequality between classes within the population. These classes are the rich, the middle class and the poor. The increase in the difference between these classes also disrupts the basic way of life of the society.

One of the most important things that the state should intervene in is to prevent the gap between these classes from widening. Societies have a certain way of life, and high inflation negatively affects this way of life.

If inflation occurs, it is not only poor people who will experience difficulties in meeting their living needs, those with middle class incomes will also have difficulty meeting their needs, because if inflation occurs of course the price of goods will be more expensive and people will have to rearrange their needs. in order to meet basic needs and also have to limit spending the money they have on things they don't really need.

With increasing inflation, there will of course be inequality in society because people with low incomes will find it more difficult to meet their basic needs because the price of basic needs will be more expensive when inflation occurs. Every society certainly has its own way of dealing with inflation, such as reducing their spending on things that they don't need it.

Inflation has the ability to destroy buying power in the future. Because when the worth of products and services rises, the same amount of money can only buy so much.

And, in my opinion, when this happens, it will be impossible to provide basic demands such as housing programs and food. Furthermore, most people will struggle to save for retirement. Such a scenario is a severe issue for individuals that should not be overlooked. Because it could generate economic instability.

https://cdn.imgchest.com/files/j7mmcl5w6n7.jpeg

First they said that there's nothing to be afraid about, then they said that inflation is "transitory" - it will go away once "supply open", then they said that inflation is "good" because it represents demand, THEN finally they are saying that "INFLATION IS YOUR FAULT".

¯\_(ツ)_/¯

Do we control the money printer? Is it our fault that government spending is increasing?

Yes, that's how it is, I also know that information from several sources who say the same thing. However, we can only live with what is already in the system.