Higher Inflation Is Here to Stay for Years

[Sithara007]

But the printing bill power is in the hands of FED so they decide how much bills printed every year, if they want they can limit the supply but they won't. Actually banks are individual body if I am not wrong so they are not supposed to be a puppet for the leaders action.

So you are saying that the FED has the power to turn down the request from government to print more banknotes? I really suspect that it works in real life scenarios. Theoretically the Federal Reserve is supposed to be an autonomous body, but I really don't think that they have the power to over-rule government demands. And the current chairperson of the Federal Reserve (Jerome Powell), although a Republican has avoided confrontation with the Biden admin and enjoys bipartisan support.

[so98nn]

This scenario can change over the years, if banks go digital in full fledge. What I mean is, complete use of internet banking, Unified Payment Systems, and services like wallets etc. If this happens to be adopted by every single person in the country then we may not need cash at any place. However, this will take big infra structure, network coverage areas everywhere so that we will have online connectivity to pay the money. There is high chance of happening in the in the country like USA, because I can see big change in developing country like India that they are using UPI's at enormous rates, whether it is small hawker to big merchant everyone now has access to digital payment system.

This process will slowly discard the cash system and if "Printing Money" is associated with inflation, then this will get over if we go digital all the way.

[bitcub]

Indeed, a higher number of notes printed means higher BTC lols.

I've said it for a long time, but this time, I'm not making this up. It's from the WSJ.

https://www.wsj.com/articles/higher-inflation-is-here-to-stay-for-years-economists-forecast-11626008400

BTC holders shall not worry.

[inoes]

If a country called America can experience inflation, let alone a small country. When it comes to inflation, this cannot be separated from the role of the government. The government can suppress inflation by reducing spending, so that the demand for goods and services decreases which in turn can lower prices. and preferably during a pandemic like this, it can be maximized to empower local companies, that's even better.
although in the end the government will increase the tax rate. and the people will be burdened burdened by taxes.

[sana54210]

I've said it for a long time, but this time, I'm not making this up. It's from the WSJ.

https://www.wsj.com/articles/higher-inflation-is-here-to-stay-for-years-economists-forecast-11626008400

BTC holders shall not worry.

Higher inflation is not the cause of a problem, it is the result of the problem itself. We could have very very little inflation if the money we have in the world was used properly, a tiny bit of increase is healthy because it creates a demand to grow bigger, but these super high ones are a big problem because of what we are doing with the money.

Think about it, do you really believe that Zimbabwe and Venezuela has a problem because they have high inflation, or do they have a big problem already that just has side effect of having high inflation along with it? They are corrupted and problematic places that runs everything horribly including economy and this caused high inflation, but many believe high inflation caused the problems which is false. So if we could use the money we have in every nations economy, we could have a proper inflation to go along with it.

[Sithara007]

Indeed, a higher number of notes printed means higher BTC lols.

Higher number of banknotes being printed obviously means lower purchasing power for that particular currency. It will result in higher inflation rate, and commodities and assets with limited supply will witness their prices increasing. For example, the crude oil prices have increased by almost 80% since the beginning of this year. Natural gas prices have gone up by 4 times. Even gold prices are showing an increasing trend. And I believe this was one of the reasons why BTC made such a rapid recovery.

[rodskee]

I've said it for a long time, but this time, I'm not making this up. It's from the WSJ.

https://www.wsj.com/articles/higher-inflation-is-here-to-stay-for-years-economists-forecast-11626008400

BTC holders shall not worry.

While i use to think about this since the Lock down from 2020 , yet not i am considering changing my mind because the reaction of the world specially my country seems like changing the course from Pandemic to now economic meaning we are recovering and making the best for the betterment of the situation.
maybe in the next next 2022 we will be having the best result after the whole world be vaccinated and ended this damn pandemic Corona Virus.

[MIldic1c]

I've said it for a long time, but this time, I'm not making this up. It's from the WSJ.

[Suspicious link removed]j.com/articles/higher-inflation-is-here-to-stay-for-years-economists-forecast-11626008400

BTC holders shall not worry.

According to the recent basic situation, the pandemic virus is the main reason, and the United States is still a long way from a complete recovery. In terms of inflation, in general, the current epidemic is still spreading, and the supply side is also affected. Although I think there will be particularly high sustained inflation, the overall inflation center may rise in the next two years.

[Sithara007]

While i use to think about this since the Lock down from 2020 , yet not i am considering changing my mind because the reaction of the world specially my country seems like changing the course from Pandemic to now economic meaning we are recovering and making the best for the betterment of the situation.
maybe in the next next 2022 we will be having the best result after the whole world be vaccinated and ended this damn pandemic Corona Virus.

I am not sure whether 2022 will be virus free. 4 months remain in this year, and only 24% of the population is fully vaccinated. Herd immunity requires 70% to 85% of the total population to be fully vaccinated, and as you can see, we are a long way behind this target. And I don't think that the gap can be covered in the remaining 4 months of this year. And there are talks about a third booster shot, to take care of the delta variant. This will further slow down the vaccination program, especially in the third world.