Inflation is a creeping beast

[Die_empty]

Inflation is a necessity. Inflation is rising because the human population is expanding. Manufacturing new babies has no cost just like printing new paper money. The resources on the other hand are limited. Food, shelter, water, social activities, education, healthcare… Not everybody can access those services because there is not enough resources to provide them to everyone at an affordable price. The solution, like it always was, increasing the money supply and make it a little more expensive for everybody.

The other solution is reducing the human population to a healthy level but I don’t think it will happen any time soon.

Yeah, the population might be part of the cause of inflation or poverty but it is not the total cause of the problem. China has a population of over 1.402 billion people as of 2020 but has one of the best economies in the world. The same thing could be also said about other highly populated countries that have super economies.

The population can be a blessing or a curse. It is a blessing because it could give military advantage and lead to cheap labor. It is a problem when the majority of the population is uneducated and unskilled in needed sectors. And I think that is the problem with the African population. Africa is blessed with diverse natural and a very youthful population but most of them are unproductive because of illiteracy and lack of infrastructure.

Europe and some industrialized nations would always need the population of some developing nations to fill the sectors that have labor shortages. The solution is not to reduce the world population but to educate them to be productive, promote wealth distribution and reduce conflict and war because the world has enough resources for everyone.

[1714204767]

1714204767

[1714204767]

1714204767

[1714204767]

1714204767

[1714204767]

1714204767

[so98nn]

More power to your thoughts
We definitely need decentralised workforce to act and implement the mega projects all around the world. In fact all the governments themselves can make it happen by relaxing the use of bitcoin or whatever current they choose to do so over blockchain. They can have little taxes on it so that they also don’t get crippled financially.

Yes you are completely true about how inflation works. We did not even notice it during covid situation and somehow after 1-2 years of recovery we are now seeing it’s aftermath all around the world. This would have or could have been already stopped if we had decentralised system in place with full fledge infrastructure.

[sunsilk]

I admire those countries that are able to keep up and at least maintain the inflation rate into their economies.

While I feel bad for those countries that can't stand still and have been hit hard by the inflation rates. There's nothing we can do about them, they have to adjust and adopt the current situation and they have to do something or else, it's like just survival everyday especially for the middle income earners down to the poorest of the poor.

Adoption is the key while looking for other source of income, that high inflation can’t be gone in just a year usually it takes more years before it stabilize into a more lower rate. You can’t survive on this if you continue to complain instead of working into something, some countries might continue to experience higher inflation by the end of the year, that can result to a more complicated situation and I just hope that many already prepared for this.

Inflation won't go away but it could be slowed down.

Complaining won't really help you to survive but trying to look for some ways will. It's all survival after all and it's hard to do that if you're not capable of doing anything and even having a plan.

Although the government should play a big part of at least mitigating the situation and trying to do something so that citizens won't suffer a lot.

[adaseb]

Basically the reason inflation started was due to 2 things. First was the stimulus and second was the supply constrains. When the economy slowed down they stopped making cars and then all of a sudden everyone had stimulus money and started buying cars like crazy. And this created supply problems and demand was high and hence inflation went up.

Now to control it interest rates need to go up to prevent people from buying stuff they don’t need. We need to make it a privileged to hold cash in our savings account. Hence why they are raising rates.

[Fara Chan]

The world at this point needs a decentralised currency that can be monitored through a public ledger  that way excessive money printing will be curtailed and going by how challenging keeping up with the rapid inflation has become there is every tendency of having worst GDPs in coming years because if manufacturers and Producers fails to meet up the hight cost of production then they will in due cause turn to low standard products just to keep the demands and stay in production

The relationship between inflation and a decentralized currency is very far, inflation is influenced by several basic reasons, the currency owned by each country can be monitored by the competent authority, so there is no strong reason that inflation can be suppressed by this problem, the habit that occurs is precisely when the price of goods soars, is scarce and cannot be found in the market, inflation arises and cannot be controlled.

Especially regarding the basic needs of staple food as the fulfillment of the right for human survival, if this problem cannot be suppressed, then inflation will run beyond anyone's control.

[Darker45]

The truth is that these large-scale investors and these large manufacturers and producers are not really suffering that much from the ill effects of inflation. You know what, I'm even amazed here in my country that despite all the economic downturns brought by the pandemic, the violence in Europe, the falling of our fiat's value compared to foreign currencies, the rising of prices, and so on, large businesses are registering high profit growth. This only means that however severe inflation is, these businesses thrive because all the burden is actually passed on to consumers.

[stompix]

More power to your thoughts
We definitely need decentralised workforce to act and implement the mega projects all around the world.

Yes because a mob of people each with its own set of values with its own ideas will be extremely effective in completing a project, take a look around you and see what this decentralization does to projects in rural areas where there is a mayor, a council, the head of the prefecture a senator, a ton of other council members, a government and of course 1001 ana a half NGOs each with its agenda.

This whole decentralized everything is just ridiculous, just imagine if each village will act on its won and in one the highway will be 12 meters wide and in the other 10, one will use furlongs for it's road signs the other miles, one will use DC other AC power, decentralization on small levels is not efficiency it's pure chaos.

Inflation is unstoppable and it's like a battle of survival that we're experiencing every day.

No, it's not and it's actually pretty simple to stop.
All you need to do is spend less, less demand on the market, and prices decrease, it's actually far easier than thinking suddenly the whole world will change to a decentralized currency, and the example is pretty clear, no matter what money printing, inflation in Japan hasn't managed to pass the critical 2% even if the government is bent on that task because simply put, people don't spend, there is no demand so no way produce will dare increase prices.

Why do you think the price of oil is going down, no buyers, no demand, look at the results.

[UmerIdrees]

Every now and then we get new monetary policies and as money supply keeps growing too rapidly inflation sets in which inturn reduces the purchasing power of our various fiat currencies. This inflation don't just happen spontaneously it starts with a comfortable price hike everyone can cope up with and continually increase until it becomes noticeable.

It comes in stages the first face might only affect the poor and small scale entrepreneurs, the second phase might be a matter of concern for medium  scale entrepreneurs ,the third stage is when the large scale investors gets affected too and the final stage is when the producers start feeling the impact on the cost of raw material and reduction in production quality and patronage. Before this time there have been slight change in material cost but it might not be too obvious to stair national concern.

The world at this point needs a decentralised currency that can be monitored through a public ledger  that way excessive money printing will be curtailed and going by how challenging keeping up with the rapid inflation has become there is every tendency of having worst GDPs in coming years because if manufacturers and Producers fails to meet up the hight cost of production then they will in due cause turn to low standard products just to keep the demands and stay in production

you are right inflation is a creeping beast.
I kills without making people realize that they are being destroyed
There is something happening everywhere and people are fighting to survive the inflation and then there is another problem - the couples are fighting like crazy and the divorce rate has increased to 100%

There are increased inflation rates throughout the world. As per a recent survey, the inflation rate in our county Pakistan is 45% which is way too high.

Another thing is that dollar rates are increasing worldwide and investors are more comfortable investing in dollars due to recent policies but no one realizes that dollar investment is not safe and also it is not an inflation free like bitcoin.

The only way to fight inflation is to invest in noninflationary assets like bitcoin.

[Taskford]

Every now and then we get new monetary policies and as money supply keeps growing too rapidly inflation sets in which inturn reduces the purchasing power of our various fiat currencies. This inflation don't just happen spontaneously it starts with a comfortable price hike everyone can cope up with and continually increase until it becomes noticeable.

It comes in stages the first face might only affect the poor and small scale entrepreneurs, the second phase might be a matter of concern for medium  scale entrepreneurs ,the third stage is when the large scale investors gets affected too and the final stage is when the producers start feeling the impact on the cost of raw material and reduction in production quality and patronage. Before this time there have been slight change in material cost but it might not be too obvious to stair national concern.

The world at this point needs a decentralised currency that can be monitored through a public ledger  that way excessive money printing will be curtailed and going by how challenging keeping up with the rapid inflation has become there is every tendency of having worst GDPs in coming years because if manufacturers and Producers fails to meet up the hight cost of production then they will in due cause turn to low standard products just to keep the demands and stay in production

This is the reason why we shouldn't let our money saved without any movement at our bank accounts since in the long run we will be defeated by inflation and the interest given by them will be chunk which is not totally worth it. We should be a wise investor so that we can generate good money flow and can able overcome the outrageous effect of inflation brought up by crisis and other economical interruptions.

[Desscount]

you are right inflation is a creeping beast.
I kills without making people realize that they are being destroyed
There is something happening everywhere and people are fighting to survive the inflation and then there is another problem - the couples are fighting like crazy and the divorce rate has increased to 100%

They will realize it because there are signs or effects of the inflation and one of it would be the price of the goods are rising or the purchasing power of the money is getting lesser. It can slowly kill people if they will allow this kind of system ruled out or if they will agree to be charged high.

In some countries, people are protesting to bring back the old rates or to increase the pay rate of the service that they do so that they can keep up with the inflations. It's only sad that it could lead to fights and people can get injured and worst killed. Those who got divorced, I think they have another problem and they only use inflation as an excuse.

People are even blaming the government for the continuous rise in the prices of primary goods. The unemployment rate is also increasing because huge businesses are decreasing the number of their manpower to lessen their expenses because they're badly affected by inflation. They have to sacrifice their people to keep their businesses running. I believe that the situation will still be better so we have to face this crisis bravely.

Basically this is the result of the global economic crisis and inflation is also happening everywhere,
for a company or business they must take a policy by reducing the number of workers,
it's a challenge to face economic conditions like this

[Cookdata]

The world at this point needs a decentralised currency that can be monitored through a public ledger  that way excessive money printing will be curtailed and going by how challenging keeping up with the rapid inflation has become there is every tendency of having worst GDPs in coming years because if manufacturers and Producers fails to meet up the hight cost of production then they will in due cause turn to low standard products just to keep the demands and stay in production

I think it will be impossible to construct a decentralized currency because developed nations, no matter how much they wish to, will continue to struggle for power and remain hungry to control others. Even though gold has long been the preferred reserve, more nations control it than the rest of the world and it can be tracked using blockchain technology which is bad. As you may also be aware, governments regularly print large quantities of paper currency in an effort to undermine the very economies they are working to stabilize while also raising interest rates for their own gain, the government they say!

Let's be honest with ourselves, nothing can be decentralized as long as the government still controls it else, it wouldn't exist in their cycle.

[justdimin]

Inflation is a necessity. Inflation is rising because the human population is expanding. Manufacturing new babies has no cost just like printing new paper money. The resources on the other hand are limited. Food, shelter, water, social activities, education, healthcare… Not everybody can access those services because there is not enough resources to provide them to everyone at an affordable price. The solution, like it always was, increasing the money supply and make it a little more expensive for everybody.

The other solution is reducing the human population to a healthy level but I don’t think it will happen any time soon.

The problem is that, while you want to print more money for the more people that is available due to population increase, there are troubles coming along with it.

First of all, that money doesn't go to pockets of each new person, it goes to mainly companies which leaves even less for regular people, meaning the regular people have the same amount of money, whereas companies have more, the ones you printed, and inflation happens so regular people who have the same amount of money now need to pay more but don't earn more. Secondly inflation happens higher than the growth rate, if a nation grows at 2%, but inflation is 10% then it is over inflated as well.

[Haunebu]

It truly is. COVID amplified its impact around the world due to which global economies are under a lot of pressure leading to many countries literally on the brink of collapsing. It's very scary if you think about it.

Both developed and developing countries get affected to varying degrees(For example, UK is suffering thanks to its impact at the moment).

[ethereumhunter]

It truly is. COVID amplified its impact around the world due to which global economies are under a lot of pressure leading to many countries literally on the brink of collapsing. It's very scary if you think about it.

Both developed and developing countries get affected to varying degrees(For example, UK is suffering thanks to its impact at the moment).

There's no doubt that COVID has blown things up around the world and although some countries have not been hit too badly, it still has impacted the country's economy. Meanwhile, every country is still struggling to deal with the remnants of COVID (we can hope now is when COVID will end) so that inflation does not occur in their country. Although some countries have been hit by inflation, they continue trying to prevent inflation from increasing. I hear the cost of living in the UK has doubled from before, especially this winter.

[$anounimus$]

The world at this point needs a decentralised currency that can be monitored through a public ledger  that way excessive money printing will be curtailed and going by how challenging keeping up with the rapid inflation has become there is every tendency of having worst GDPs in coming years because if manufacturers and Producers fails to meet up the hight cost of production then they will in due cause turn to low standard products just to keep the demands and stay in production

With inflation and global recession as the main issues lately, I really feel, Bitcoin will get its role where adopting bitcoin will be a good step in putting the currency on the right track as this currency is already gaining traction in the global market, BTC it can also be used as a cashless transaction with no limit on how much it can handle unlike other forms of banknotes. I think it's only a matter of time before it will definitely be used as a major currency.

[Gyfts]

....

Inflation was not only caused by the amount of money printed every year. Inflation is also often caused by the low purchasing power of the people due to the high price of goods. Moreover, the government continues to supply basic commodities from abroad, resulting in low prices for local staples. This is often due to the government's inability to control the barons over national spending.
When it comes to inflation, I think it will continue to be linked with the government as the policy maker. Apart from that, corruption in a country can also lead to inflation. Because it does not match national income and national expenditure or in other words Gross Domestic Product.

But prices come down as a result of supply shortage driven inflation. When demand increases because of too high of a money supply, the money that enters circulation is never going to be taken out. The Ukraine war is responsible for the energy prices being driven up in Europe, causing high inflation when the cost of goods go higher. That's not to say their COVID spending spree's didn't have a massive impact either.

Had the Ukraine war not occurred, you would have still seen a large inflation increase, just not to the degree we see now.

[BRINIRHA]

The funny thing is that when inflation gets worse, many of the government's policies in tackling inflation do not feel the impact. even inflation remains worse. Such as efforts to raise interest and taxes. and the reason is quite reasonable. but in reality it doesn't have any effect at all. and inflation is still getting worse. even add to the burden on society. and the beneficiaries are still from the government and the Bank itself. the solutions presented by the current government tend to be of little use. even more difficult for the economy of small communities. So it's no wonder that riots are getting crazier in some countries. public protests against the government issuing policies that are not in accordance with the aspirations of the people.
Food and Energy should be the main focus of every government. but the policies made it difficult for the agricultural sector. So many farmers have stopped being farmers. and converting agricultural land into new business land. so that agricultural land is getting narrower from time to time. and the interest of young people to become farmers is decreasing drastically. because the agricultural sector does not look profitable due to many government policies that burden farmers. such as expensive fertilizer but the selling value of agricultural products is dropping.

[Silberman]

The world at this point needs a decentralised currency that can be monitored through a public ledger  that way excessive money printing will be curtailed and going by how challenging keeping up with the rapid inflation has become there is every tendency of having worst GDPs in coming years because if manufacturers and Producers fails to meet up the hight cost of production then they will in due cause turn to low standard products just to keep the demands and stay in production

With inflation and global recession as the main issues lately, I really feel, Bitcoin will get its role where adopting bitcoin will be a good step in putting the currency on the right track as this currency is already gaining traction in the global market, BTC it can also be used as a cashless transaction with no limit on how much it can handle unlike other forms of banknotes. I think it's only a matter of time before it will definitely be used as a major currency.

The path ahead of us will not be easy, people are slowly realizing that the crisis we are facing is not like the ones we have seen before and there is a big possibility it will be way more intense, governments are also realizing this which is why they are trying what they can to reduce inflation, but if those measures fail then there will not be much governments will be able to do except to try to protect their currencies, and gold and bitcoin will be without a doubt on their sights, so I will not be surprised if at some point holding bitcoin was made illegal.

[bestcoins1]

With inflation and global recession as the main issues lately, I really feel, Bitcoin will get its role where adopting bitcoin will be a good step in putting the currency on the right track as this currency is already gaining traction in the global market, BTC it can also be used as a cashless transaction with no limit on how much it can handle unlike other forms of banknotes. I think it's only a matter of time before it will definitely be used as a major currency.

If you think Bitcoin will become the main currency globally, it will probably take a very long time because until now there are still very many countries that do not see Bitcoin as an important currency and not everyone in this world is a Bitcoin user. So it still requires additional users in all countries so that each country can see Bitcoin as an important asset even though the currency of each country cannot be thrown away because it is still needed in life.

Actually, there are many ways to deal with inflation problems that can be taken by the government as well as by ordinary citizens, one of which is to increase production output, facilitate the entry of imported goods, stabilize people's income (wage level), set maximum prices, and carry out supervision. and distribution of goods. Source.

[RealMalatesta]

The relationship between inflation and a decentralized currency is very far, inflation is influenced by several basic reasons, the currency owned by each country can be monitored by the competent authority, so there is no strong reason that inflation can be suppressed by this problem, the habit that occurs is precisely when the price of goods soars, is scarce and cannot be found in the market, inflation arises and cannot be controlled.
Especially regarding the basic needs of staple food as the fulfillment of the right for human survival, if this problem cannot be suppressed, then inflation will run beyond anyone's control.

Unfortunately, not that many people understand the current concept of the situation and that means we are going to end up with people thinking inflation could be solved with crypto and will fail to make money.

Reality is that when inflation happens that means something wrong with the world’s economy and yes, we had pandemic which caused printing of money to survive, which caused inflation, and that means it’s a whole world problem and now that there isn't any printed, not many people are left with that newly printed money. This causes everyone to have financial trouble, and when people have financial trouble it’s impossible for them to buy bitcoin.