Promocodeudo (OP)
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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.
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franky1
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August 03, 2023, 01:38:58 AM Last edit: August 03, 2023, 01:51:45 AM by franky1 |
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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
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER. Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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Darker45
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August 03, 2023, 02:05:39 AM |
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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.
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Poker Player
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August 03, 2023, 03:45:14 AM |
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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
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.
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Sim_card
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August 03, 2023, 04:37:37 AM |
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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
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.
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CarnagexD
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August 03, 2023, 04:42:39 AM |
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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
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. 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.
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Sebas.tian
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August 03, 2023, 05:13:12 AM |
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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
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.
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Maslate
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August 03, 2023, 06:06:23 AM |
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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.
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Husires
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August 03, 2023, 08:24:40 AM |
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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.
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bluebit25
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August 03, 2023, 09:33:36 AM |
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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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Die_empty
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August 03, 2023, 09:46:45 AM |
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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
. 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.
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DanWalker
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August 03, 2023, 10:05:17 AM |
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~snip~
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.
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.
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davis196
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August 03, 2023, 10:56:38 AM |
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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 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.
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Peanutswar
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August 03, 2023, 12:56:05 PM |
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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.
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AicecreaME
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August 03, 2023, 12:57:58 PM |
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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.
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Flexystar
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August 03, 2023, 03:17:00 PM |
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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.
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Latviand
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August 03, 2023, 03:50:47 PM |
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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.
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.
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o48o
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August 03, 2023, 03:51:42 PM |
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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 -cut-
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.
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kryptqnick
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August 03, 2023, 04:08:39 PM |
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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.
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Wimex
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August 03, 2023, 04:40:12 PM |
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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...
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