Transparency is something Governments fear more than inflation

[CTO114]

Inflation is a phenom that economies of the world can't fully eliminate, it just has to be managed. So it's always an issue that governments of the world dread.

On the flip side, something that's more dreaded by governments is transparency of economic operations.

Inflation can be traced to factors like; war, global stocks, pandemics, and other economic factors. However, transparency can't be traced to these factors.

Once government operations like spending, borrowing become verifiable by the public, then suddenly the political cover is missing, and citizens begin to ask harder questions.

A perfect reason why states resist public ledger systems; they expose gaps of accountability that inflation would naturally hide.

[Anthony Bill]

If inflation can be traced to what you mentioned mean it can be eliminate by the government. But do you think government can eliminate inflation completely in the world? I think is a politics everyon in the power like to play with citizens before they leave the office.

[Asuspawer09]

Thats the obvious part since the government cannot do what they want if there is transparency on inflation that is going on.

The transparency,t his was a huge topic in my country because of the recent scandal of corruption on flood control projects, now the people are demanding transaparency in the governemnt because billions amounr of money is missing, and a lot of people lost trust to the government already, and it seems like it is just going to be forgotten again, there are a lot of suspect that is still not getting jail and some are already missing and even allowed to go to other countries.

Now, there was a bill that is being rush which is a blockchain project, where all government transactions are going to be transparent and can be seen publicly on its blockchain, I dont know how it is going to be implemented, but if it is going to happened then it is going to be a huge help when it comes to transparency, blockchain technology is a huge help, and everyone can easily see where money goes and what it does since it is all public.

[Abu-Naim]

If inflation can be traced to what you mentioned mean it can be eliminate by the government. But do you think government can eliminate inflation completely in the world? I think is a politics everyon in the power like to play with citizens before they leave the office.

Government can’t eliminate inflation completely because there are some natural factors that result to inflation which no one can stop from happening, the only thing government can do is make sure they have a good economic plan that will work perfectly to reduce the inflation rate, yet they can never be transparent because being transparent will never give the government peace of mind because they are not transparent with their activities as leaders.

[Cookdata]

Inflation is a phenom that economies of the world can't fully eliminate, it just has to be managed. So it's always an issue that governments of the world dread.

On the flip side, something that's more dreaded by governments is transparency of economic operations.

Inflation can be traced to factors like; war, global stocks, pandemics, and other economic factors. However, transparency can't be traced to these factors.

Once government operations like spending, borrowing become verifiable by the public, then suddenly the political cover is missing, and citizens begin to ask harder questions.

A perfect reason why states resist public ledger systems; they expose gaps of accountability that inflation would naturally hide.

If only government will allow people to review the things they do behind doors, I'm sure that we are going to be having a change of government quarterly. If this one doesn't work as a suppose, people will demand for a change but you see accountability, nobody fear it like a government, even when they left the office after their regime, most of them look scared when called to come account for their spendings and expenditure, this is very common in Africa, they fear accountability.

How will think about what they fear in the first place? The government print money on to finance projects because they have limited amount to borrow, they implement useless policy to suffocate their people, they are poor with agricultural practices, all this combine result to limited amount of resources chased down by unlimited printed money, all these government hand work without solutions and you think they give anything about inflation? They don't, this is what every government does in cycle every 4 years.

[Iroh]

Inflation is something every stable and growing economies dread and would try its best to manage and curb its rise. But when you have at the helm of affairs, selfish people with no vision and plan for the growth of the country, managing inflation doesn't become that much of a priority.
As to transparency, although most governments regularly publish data of their spending and goes on to update the populace with likely carefully prepared(omitted) information on its actions on both domestic and foreign affairs, I don't belive any government is truly transparent hence the increased possibility of being able to shy away from being accountable to its citizens.

[Die_empty]

Thats the obvious part since the government cannot do what they want if there is transparency on inflation that is going on.

The transparency,t his was a huge topic in my country because of the recent scandal of corruption on flood control projects, now the people are demanding transaparency in the governemnt because billions amounr of money is missing, and a lot of people lost trust to the government already, and it seems like it is just going to be forgotten again, there are a lot of suspect that is still not getting jail and some are already missing and even allowed to go to other countries.

Now, there was a bill that is being rush which is a blockchain project, where all government transactions are going to be transparent and can be seen publicly on its blockchain, I dont know how it is going to be implemented, but if it is going to happened then it is going to be a huge help when it comes to transparency, blockchain technology is a huge help, and everyone can easily see where money goes and what it does since it is all public.

Lack of transparency is in degrees. In developed nations, the government is partially transparent. The income and expenditure of the government are in the public domain. Citizens have access to them and they can also apply to get information that is not public through the freedom of information laws. In developing nations, there is no accountability. Government finances are controlled by corrupt authoritarian leaders. Asking for accountability could lead to threats, attacks and even death.

Adopting blockchain technology for the financial operations of the country is a good move. At least figures and other information cannot be altered once they are published in the blockchain. However, I am afraid that this will not end corruption.  These corrupt politicians would still inflate contracts, deliver substandard projects and others. The surest way of enjoying accountability in government is to elect incorrupt leaders.

[Churchillvv]

Inflation is a phenom that economies of the world can't fully eliminate, it just has to be managed. So it's always an issue that governments of the world dread.

Do you want to end control system ? If you put an end to inflation they will not be able to handle you or the society as they wish, so who on earth will let power into there hands and allow you to take it just because he wants to be good? Inflation is the tool for government controlling of citizens and how the society will live, the high the inflation the more dependent the people become.

For transparency I will not even mention that because it doesn’t exist anywhere and it’s not supposed to be a political thing because it destroy the word politics according to the definition of those cold hearted politicians.

[Y3shot]

Inflation is not a problem for the government; even if inflation rises, the government has a way to cover up for itself, which won't be a problem for them. For sure, the government will be scared of being transparent because it is only with transparency that one will be able to see better and understand what one is capable of doing. Government officials and politicians are known for gathering money owned by the public, and they can never be transparent because of how they steal public funds for their families and children.

[Hypnotizer]

On the flip side, something that's more dreaded by governments is transparency of economic operations.

Inflation can be traced to factors like; war, global stocks, pandemics, and other economic factors. However, transparency can't be traced to these factors.

Once government operations like spending, borrowing become verifiable by the public, then suddenly the political cover is missing, and citizens begin to ask harder questions.

Transparency is a really hard thing for political leaders or government in the world, many of them claim to be transparent but they’re many hidden and dark operation that are kept hidden from the public especially about economic operations, they hide their Corruption and somehow embezzle public funds in secret to prevent the public from knowing about it.

A perfect reason why states resist public ledger systems; they expose gaps of accountability that inflation would naturally hide.

Bitcoin’s blockchain offers transparency at its fullest, I can see why many government are against it.

[Furball808]

If inflation can be traced to what you mentioned mean it can be eliminate by the government. But do you think government can eliminate inflation completely in the world? I think is a politics everyon in the power like to play with citizens before they leave the office.

They can’t ’eliminate’ inflation but they can do something that can combat inflation like implementing monetary policies. They tend to also raise interest rates. But those are just things to help them not drown in inflation but inflation will always exists.

[Gozie51]

A perfect reason why states resist public ledger systems; they expose gaps of accountability that inflation would naturally hide.

Till date, there are some expenses of government that are not accounted for and some go into security votes which is the hidden area that is used to embezzle money because most countries are now facing insecurity challenges, so it is easier to say monies were used for procurement of ammunition to fight insecurity. Basically, government thrives in secrecy, if everything is exposed then there is no government, no authority for rules and regulations. This is why government of all levels would do everything to protect those who are not in government to know what is happening there. So to expose government expenditure in a public ledger won't be that possible and that is a major challenge for bitcoin adoption. Countries that will adopt bitcoin will have it as alternative because government still want a window of where they use to do unpublic business for personal interest, which is the use of fiat where you can't easily trace it 

[BIT-BENDER]

If inflation can be traced to what you mentioned mean it can be eliminate by the government. But do you think government can eliminate inflation completely in the world? I think is a politics everyon in the power like to play with citizens before they leave the office.

Government can’t eliminate inflation completely because there are some natural factors that result to inflation which no one can stop from happening, the only thing government can do is make sure they have a good economic plan that will work perfectly to reduce the inflation rate, yet they can never be transparent because being transparent will never give the government peace of mind because they are not transparent with their activities as leaders.

Some government can make sure that their economic plan is good enough to reduce inflation but they genuinely do the opposite and even make the situation of their country worse than it was already.
Some countries economy is that bad the government themselves starts to use a stronger currency especially when they want to do internal and external trades, money laundering and calculation of their wealth.

[Mhizlove]

We all know that inflation is something that the government try to control but they lack accountability and this alone is kind of sensitive behaviour because when the issues of money is been hidden, then you will see leaders going about without being interrogated, but if they start spending and borrowing it will be open to everyone to see and the people will now demand for accountability.

You see that's why those that are in power lack full transparency because it's uncomfortable for them, this act do exposes and removes defenses on how funds are being mismanaged. But you see inflation this can hide issues and make sure the system takes it's responsibility, this is what government fears most because I think this will cause them not to do their dirties.

[Hewlet]

Once government operations like spending, borrowing become verifiable by the public, then suddenly the political cover is missing, and citizens begin to ask harder questions.

It is an unfortunate situation that we can point to different government at different levels that are not even ready to talk about the need to be accountable as well as the need to encourage transparency. citizens find it difficult to accept the payment of taxes because their is no transparency regarding the way the money gotten through tax is going to be spend. if the only thing i can only know as long as it involves payment of tax is how much i am supposed to be taxed, then what then is the motivation that keeps me interested in the payment of the tax.

transparency breads trust which is part of the reason why bitcoin is as relevant as it is now because it is actually a transparent asset. even the inflation we are talking about does not in most cases align well with what is actually physical to the locals because even when their is news that inflation has come down, you can not really check out and see that it is actually reflecting in that manner in the life of the common man.

[bisdak40]

Inflation is a phenom that economies of the world can't fully eliminate, it just has to be managed. So it's always an issue that governments of the world dread.

On the flip side, something that's more dreaded by governments is transparency of economic operations.

Inflation can be traced to factors like; war, global stocks, pandemics, and other economic factors. However, transparency can't be traced to these factors.

Once government operations like spending, borrowing become verifiable by the public, then suddenly the political cover is missing, and citizens begin to ask harder questions.

A perfect reason why states resist public ledger systems; they expose gaps of accountability that inflation would naturally hide.

Yeah, those corrupt politicians are afraid of transparency because their improper use of money will be exposed. This become an issue on my country with the flood control projects where the money that was meant for the flood project was not used for it means where they just keep the money there is no proper records of how the money is spent. there is a senator who propose that government transactions will be transparent through the use of blockchain. transparency is important for the people to know that the funds are used for the community not for corruption.