Risk of Inflation in Economy.

[Iphomme]

   Our economy change drastically and very tangible of the eyed of everyone. We can not control the economics cycling in out of the world. More people suffer that can not afford to buy due of high demand of the prices the situation of the poor status it's getting vulnerable so it is really hard when we're in point of the high inflation more risk we can experience.

[1714894353]

1714894353

[hugeblack]

If the country is run by a good government that is far from corruption, then inflation rates are not supposed to reach insane levels or constitute a crisis between individuals.

The inflation crisis shows the strength of the government's financial position. Unfortunately, the poor are the ones who pay the cost because they do not have sufficient financial tools to fight inflation.

The solution to this problem lies in obtaining more tools to fight inflation, Bitcoin may be one of those tools.

[Hydrogen]

Isn't it a strange world we live in where not overprinting fiat is considered unattainable rocket science to many states and regulatory authorities. Even more strange is how determined many are to refuse to acknowledge basic rules and principles of finance/economics applying even to large governments with trillions in assets.

There could be a certain anti intellectualism involved in believing humanity has evolved beyond basic laws of science and money. A trend people might want to reverse before circumstances deteriorate further.

Inflation is a relatively harmless things by itself. The real problem is convincing people circumstances leading to inflation are real problems that need addressing. Civilization appears to have reached a point where inflation is considered to be as mythical as aliens. It could be a concern.

[hannahB4]

This case is worsened in my Country, every day you witness a change in the price of goods and services and this is affecting the purchasing power of the poor and even the middle class. I hope very soon things will fall back into the right place.

[Silberman]

Isn't it a strange world we live in where not overprinting fiat is considered unattainable rocket science to many states and regulatory authorities. Even more strange is how determined many are to refuse to acknowledge basic rules and principles of finance/economics applying even to large governments with trillions in assets.

There could be a certain anti intellectualism involved in believing humanity has evolved beyond basic laws of science and money. A trend people might want to reverse before circumstances deteriorate further.

Inflation is a relatively harmless things by itself. The real problem is convincing people circumstances leading to inflation are real problems that need addressing. Civilization appears to have reached a point where inflation is considered to be as mythical as aliens. It could be a concern.

While true there are some reasons for this, when everyone is cheating then there is not much incentive for other governments to not do so, not only that if the government in question depends on exports to sustain a great part of their economy if they do not print as much money as the rest then their currency gets too strong inhibiting exports, and when we take into account the US is the leader of this despite its fiat currency point of dominance then a race to the bottom is almost inevitable even if it makes no sense for people like us.

[Ucy]

If the country is run by a good government that is far from corruption, then inflation rates are not supposed to reach insane levels or constitute a crisis between individuals.

The inflation crisis shows the strength of the government's financial position. Unfortunately, the poor are the ones who pay the cost because they do not have sufficient financial tools to fight inflation.

The solution to this problem lies in obtaining more tools to fight inflation, Bitcoin may be one of those tools.

In the time of choas, even the money wouldn't deliver the rich. Those living in rural areas will likely survive it without fiat money. There will be cities "secured" for people to live modern lifestyle during that time though, but at what cost? At the cost of giving up your freedom.

Well decentralized cryptocurrency/money would help those in rural areas.

[nightxglow]

The issue of inflation has been lingering for so long, and always become a problem for a country. Especially in this pandemic, the inflation is kinda hard to control. However, I guess with a suitable policy and fast decision making everything can be handled well. It's really important to treat inflation as a serious issue, inflation can be really dangerous for the country and also the people.

[fiulpro]

   Our economy change drastically and very tangible of the eyed of everyone. We can not control the economics cycling in out of the world. More people suffer that can not afford to buy due of high demand of the prices the situation of the poor status it's getting vulnerable so it is really hard when we're in point of the high inflation more risk we can experience.

Inflation is actually beneficial if we consider it done ✅ in small parts and if it's gradual. Yes, the price of these things will rise but at the same time the people are being paid better also. Therefore these people can afford the same lifestyle. I do think that inflation should be controlled only when the people are not getting paid the same raise.
There are certain countries where the inflation is actually very bad, people can only afford to buy a toilet paper with their salary of a month , therefore the people have a very hard life there. Now that is a case of uncontrolled inflation.
But when you consider developed countries like US, UK their inflation is not only natural, gradual but the people are also able to afford everything with their everyday salary. So that's a positive example.

[just_Alice]

   Our economy change drastically and very tangible of the eyed of everyone. We can not control the economics cycling in out of the world. More people suffer that can not afford to buy due of high demand of the prices the situation of the poor status it's getting vulnerable so it is really hard when we're in point of the high inflation more risk we can experience.

Inflation is actually beneficial if we consider it done ✅ in small parts and if it's gradual. Yes, the price of these things will rise but at the same time the people are being paid better also. Therefore these people can afford the same lifestyle.

From what you've said it can be concluded that inflation can be neutral if handled properly (people can afford the same lifestyle), but where's the benefit?

I do think that inflation should be controlled only when the people are not getting paid the same raise.
There are certain countries where the inflation is actually very bad, people can only afford to buy a toilet paper with their salary of a month , therefore the people have a very hard life there. Now that is a case of uncontrolled inflation.

Now, see, that's the main problem. There are not many decent countries, that raise salaries in accordance with the increase in prices. I think the majority still suffer from huge losses at times like this, because the prices are rising, while the salary stays the same, or grows not proportially to how the prices grow.

[Darker45]

You cannot control the world economy but your national leaders have a good amount of control over your local economy. Inflation is everywhere. All countries have their own inflation rates. But what is not common among them is that inflation deprives the most basic of needs from a lot of people in other countries while the poorest people in other countries do not have a difficult life.

There'd be a whole lot of issues behind this reality, not least of which is mismanagement, corruption, incompetence, and so on largely on the part of those whose fate of the land is in their hands.

[jrrsparkles]

You will lose your asset value that is the ultimate risk of living in a country where the inflation rate is high but inflation is not under the control of public it is in the control of leaders who need to make right financial policies and make their country as debt free nation and surplus revenue country. Don't ask money from the people which is not the right way of development.

[crwth]

That's why many people and institutions are looking for an alternative asset that is not affected by inflation and makes their money grow by hedging into it. That is the reason why some companies are putting their money into cryptocurrencies like Bitcoin. It's just that it's best to prevent that, and with the current economy and tragedies that we are experiencing right now, it's a good approach to it.

[Kong Hey Pakboy]

This case is worsened in my Country, every day you witness a change in the price of goods and services and this is affecting the purchasing power of the poor and even the middle class. I hope very soon things will fall back into the right place.

You are right about the difference of inflation in each country but the common problem that these poor countries have is that they could easily control these inflation to a sustainable level if they aren't corrupt. I don't think that we have to vilify inflation as something bad because if it moves in a sustainable way, it can be an indicator of a growing country.

[LUCKMCFLY]

   Our economy change drastically and very tangible of the eyed of everyone. We can not control the economics cycling in out of the world. More people suffer that can not afford to buy due of high demand of the prices the situation of the poor status it's getting vulnerable so it is really hard when we're in point of the high inflation more risk we can experience.

When talking about countries considered stable economies, the risk of falling into inflation above 3% is considered very serious, at least this applied to the US, I have friends in the US who say that with 100 USD you cannot buy the same items that you do. 10 years, which is much less, so this means that inflation has caused some havoc here in the economy where the hegemony of the dollar is always the boss.

If the third world countries in the worst case like Venezuela, inflation or hyperinflation is a fact, their economy is only sustained because most people handle dollars or currencies that are not those of the local economy, then I think Because of all this I see the dollar and the euro as a big bubble, at any moment all this could burst, as it happened in 2008.

[stompix]

Our economy change drastically and very tangible of the eyed of everyone.

Drastically? No!
For some countries maybe but here in Europe there is no such thing as drastic, a 10% at a maximum change in prices due to the problems in logistics and restarting chains that will soon go down as the euphoria from returning to normal and spending goes down is nothing drastic. We went through this with far fewer "causalities" than in 2017 and we're already far above those in terms of purchasing power and diminishing poverty.

More people suffer that can not afford to buy due of high demand of the prices the situation of the poor status it's getting vulnerable so it is really hard when we're in point of the high inflation more risk we can experience.

Time will fix this one, it's not caused by fundamental flaws, it's caused by a disruption in trade, manufacturing, workforce availability, and not in the last place the skepticism of a lot of business owners who thought the economy will not recover that fast and haven't been ready for the restart, the opening of the economy catching them with no workers, no stockpiles, no contracts.

It's a free economy, if oil goes up too many previous wells that were shut down as they were not profitable will come back online, if we have a higher demand and higher price for basic food it will take longer, one year when it comes to crops and 2-3 when it comes to meat but it will again come down when there are insane profits to be made, more capacity will be added and the ratio of demand and offer will adjust. And it's impossible to have a constant growth at such level in demand as we had after the end of quarantine in the Western world.
Cheer up, the future ain't that bleak, we've seen far worse!

There are not many decent countries, that raise salaries in accordance with the increase in prices. I think the majority still suffer from huge losses at times like this, because the prices are rising, while the salary stays the same, or grows not proportially to how the prices grow.

Countries do not raise wages on their own.
And if you think of the minimum wage, Germany didn't have one till 2015, and they did pretty well without it.

[sana54210]

Our economy change drastically and very tangible of the eyed of everyone.

Drastically? No!
For some countries maybe but here in Europe there is no such thing as drastic, a 10% at a maximum change in prices due to the problems in logistics and restarting chains that will soon go down as the euphoria from returning to normal and spending goes down is nothing drastic. We went through this with far fewer "causalities" than in 2017 and we're already far above those in terms of purchasing power and diminishing poverty.

Where do you live that 10% change is not a lot to you? I mean if I was given a 10% wage hike.. well that wouldn't a "huge" deal but I would be insanely happy about it, and I am pretty sure everyone else would be. Whereas when I get something for 10% more I am very sad, in my nation inflation "felt" is like 100% at this point, even though it is given like 17% or so and I still do not believe that but those are huge numbers.

Most of the developed world had like 2% or so inflation and having 10% is not easy, it is going to hurt a lot of people if it keeps this up and the prices do not slow down neither they are looking like it is going very bad for the past few months. In short, I would say that inflation is definitely going to doom levels, we need to recover quickly and get back to how life was, it is not easy I know but if we don't, we are going to be screwed.

[verita1]

Without a doubt, inflation is everyone's problem. Because we must think about the most vulnerable people who live in our countries, we can see it in our families and friends and little by little we realize that it is a bad thing for everyone because inflation tends to grow.

The goal of all is to fight to prevent the increase of poverty that is caused by the problems of the world's economies.
Fortunately, Bitcoin was invented to offer solutions to these socio-economic problems for which we are fighting to make it a success.

[crzy]

The increase on inflation can't be stop, and that's why every government is trying their best to slow this one down and prevent the hyperinflation that is already happening in some countries, and the result is really bad for them. I understand the cost of living nowadays, and we should do our best to increase our source of income so when the big inflation hits, we still have a money that can support our daily needs, don't put your money on a bank, better to put it on any investment asset so the value of your money increases.

[dezoel]

   Our economy change drastically and very tangible of the eyed of everyone. We can not control the economics cycling in out of the world. More people suffer that can not afford to buy due of high demand of the prices the situation of the poor status it's getting vulnerable so it is really hard when we're in point of the high inflation more risk we can experience.

It's looking worst because of the pandemic effect recently otherwise the economy of almost every country was doing good apart from some countries which may have their own internal structural problems and corrupt governments. Inflation was bound to happen and it was about time people realize why digital assets like bitcoins were in demand because there was a massive shift from offline to online and from fiat to crypto.

Small or under-developed countries face the worst of such times and hence a lot of people from these countries invested in Bitcoins because the least inflation you can expect is Bitcoins. How? I will try and explain from my own understanding of it. The value of BTC is usually seen in USD and if someone from a suffering country wants to convert his local currency into USD, they cannot do it. But through Bitcoins not just they do that but because of the surge in online payments, they also beat inflation and are able to earn on it.

[fullhdpixel]

This case is worsened in my Country, every day you witness a change in the price of goods and services and this is affecting the purchasing power of the poor and even the middle class. I hope very soon things will fall back into the right place.

I am sorry to disappoint you maybe but I don't see anything improving soon because a lot of governments are just hapless since they don't have any resources to come out of this massive economic-cavity caused by the virus and many countries are still facing it. Imagine the damage caused by all the lockdowns, shutdowns and forced curfews to the economy of the countries. There might be the lowest low in terms of economic crisis in the coming time but a glimmer hope is that, in the coming few years I can see the economy getting back to normal as businesses get back to operating again.

It's really important to treat inflation as a serious issue, inflation can be really dangerous for the country and also the people.

If a country was facing inflation before the virus they should be in a hyperinflation situation by now because even the top-performing countries in terms of inflation have failed to stop the inflation problem so one can only imagine what already suffering nations must be going through right now.