Is Inflation Necessary

[sunsilk]

Inflation has happened in almost every country. It usually happens after a natural disaster.

Not only every time there's a natural disaster. Actually, it happens yearly and for most, it happens monthly. The world is in interconnected to each other mostly to the countries that import their products.

But to those that have their own sustainable way of living and they don't need products outside their country then, they're the ones that likely won't get that much inflation.

Currently, most of the underdeveloped countries that have inflation are also affected by corona. The countries that could not recover from the shock of corona are now the victims of inflation.

Every country, affected or not by the covid-19 virus got their own rates of inflation.

[MissNonFall9]

Inflation has happened in almost every country. It usually happens after a natural disaster. Currently, most of the underdeveloped countries that have inflation are also affected by corona. The countries that could not recover from the shock of corona are now the victims of inflation. Moreover, countries that are dependent on other countries for various products and grain products are also affected by inflation very quickly. Because when the import of goods is stopped, the demand increases and when the supply is less, the price of goods increases and the money man decreases.

A high level of expenditure or inflation plays an important role in maintaining the economic growth or progress of any country. That is why after any type of disaster, the disaster-affected countries use inflation as a strategic objective to boost their economy. Incremental and limited price increases keep any business profitable because inflation prevents any buyer from waiting to buy at a lower price. So the economy of the country where the business institutions and companies gradually improve becomes stronger.

[Freeesta]

It is difficult to say whether it is good or bad if a country has a high level of inflation. With inflation, economic growth occurs, and this means the expansion of production, the introduction of new technologies in production, the formation of savings for subsequent investments. However, at this time, people’s incomes decrease, the key interest rate on loans increases, and purchasing power decreases. Which of the following is a good process? This is a phenomenon that is difficult to control.

[JMBitcointernational]

The bitcointalk forum is comprised of diverse people from all over the world. Our countries' must have gone through inflation as a nation at least once or more since its history. As a refresher, inflation happens when the prices of goods and services rise and people can no longer afford those items because the country's money almost becomes useless. But is inflation needed? Why can't we just keep the currency at the same value? And why does it only happen to money? For example, the same wouldn't happen if we used gold as a currency instead. Is inflation a ploy that the government uses so people don't get rich off of savings?

just like you earlier stated that inflation occurs when the price of goods and services are high people cannot be able to afford their needs, inflation occurs as a result of economic crunch, when there is economic crisis which the rapid of good and services. it usually affects money because money is legal tender and inflation usually anything that is used as a medium of exchange because people solely depend on the legal tender in other to meet their desired needs in terms of buying and selling of goods and services. note that inflation is driven by too much demand relatively to supply. when the prices of goods and services increases rapidly thereby making it very unable for people to meet their needs.

For me inflation is not necessary, but it depends on the government policy because every ruling government has their reasons for inflation, maybe because of subsidy removal, increase or decrease in the oil demands and many more other reasons that they can give. inflation actually cause more harm than good to the poor masses .

[dezoel]

It is difficult to say whether it is good or bad if a country has a high level of inflation. With inflation, economic growth occurs, and this means the expansion of production, the introduction of new technologies in production, the formation of savings for subsequent investments. However, at this time, people’s incomes decrease, the key interest rate on loans increases, and purchasing power decreases. Which of the following is a good process? This is a phenomenon that is difficult to control.

I think inflation has never been good and the higher its rates the worst because this means that the price of the goods are at their all-time high and if not, it was also the value of the currencies are the ones who are declining. People losing jobs are I think part of it and as well as the deterioration of an economy, so IDK know what you are talking about there or where did you get that info when you are saying the opposite of what I've said.

Even if there are no inflations or economic problems, there are just abusers around us and this makes our situation in life worse but we still can do something like ignore them, or much better if we will report them to the higher authorities.

[Zoomic]

It is difficult to say whether it is good or bad if a country has a high level of inflation. With inflation, economic growth occurs, and this means the expansion of production, the introduction of new technologies in production, the formation of savings for subsequent investments. However, at this time, people’s incomes decrease, the key interest rate on loans increases, and purchasing power decreases. Which of the following is a good process? This is a phenomenon that is difficult to control.

Only creeping inflation where the prices of goods rise slowly can be said to be beneficial to the economic growth of a country, anything aside this has no benefit and should be controlled seriously. Currently we have crossed our boundaries as far as inflation is concerned, we have passed that stage where we see inflation as a solution to our economic issues because there are lots of abnormalities in the prices of commodities and services which has resulted in high costs of living and unfavourable standards of living for most people. Maybe some political leaders often benefit from hyper inflation in their countries because most of the decisions they make which are supposed to be for the good of the people often end in more economic hardships for thesame people.

[tabas]

For me inflation is not necessary

It's based from our opinion that inflation isn't necessary but we have to admit and accept the fact that it is necessary and it is never going away.

but it depends on the government policy because every ruling government has their reasons for inflation, maybe because of subsidy removal, increase or decrease in the oil demands and many more other reasons that they can give. inflation actually cause more harm than good to the poor masses .

Nope, it won't be depending to government policies but somehow it has a connection to it but entirely going to be dependent on it. The entirety of the inflation will depend on how your country's economy is doing. If you're performing worse, your GDP drops down and every politician isn't doing good. Then, you have to accept the reality that this is going to be a major thing that you won't be able to skip it. Whether we like it or not, that's the reality of inflation that we have no control over it. The government can make such policies but it won't utterly stop it.

[Yudhisthir]

The bitcointalk forum is comprised of diverse people from all over the world. Our countries' must have gone through inflation as a nation at least once or more since its history. As a refresher, inflation happens when the prices of goods and services rise and people can no longer afford those items because the country's money almost becomes useless. But is inflation needed? Why can't we just keep the currency at the same value? And why does it only happen to money? For example, the same wouldn't happen if we used gold as a currency instead. Is inflation a ploy that the government uses so people don't get rich off of savings?

Economics is quite complicated and I'm not an expert but inflation is the result of ever increasing demand. Like the interest rates on loans in bank increases when the demand for loan is high and in high loan demand, the interest on saving increases too.
When the demand for product and services increases, the price for it increases as more people would want to acquire the limited product and service and as the price increase, the business of producing that product and services looks profitable and more people are involved in production in anticipation of demand.
Natural inflation is increase in demand.

[xmonkeyx]

I think inflation has never been good and the higher its rates the worst because this means that the price of the goods are at their all-time high and if not, it was also the value of the currencies are the ones who are declining. People losing jobs are I think part of it and as well as the deterioration of an economy, so IDK know what you are talking about there or where did you get that info when you are saying the opposite of what I've said.

Even if there are no inflations or economic problems, there are just abusers around us and this makes our situation in life worse but we still can do something like ignore them, or much better if we will report them to the higher authorities.

Not necessarily inflation is all bad, along with increasing inflation, salaries or wages and income also tend to increase, although purchasing power may not increase significantly but a nominal increase in income can give people a feeling of being more financially capable. This has the potential to increase confidence in spending and investment, all of this also depends on government policies in seeking to increase people's economic growth, of course, by increasing targeted desector subsidies.