Inflation the biggest problem of the modern era.

[LGD2Business]

The government has the power of sovereignty and it is not at all the case that the government cannot tolerate an asset like Bitcoin, because the government does not control an asset like Bitcoin. Otherwise, if the government wants, it can tolerate digital assets in various ways. The worst impact of inflation is on the poor. The government should increase the monthly income of the poor along with inflation so that they do not suffer under the burden of inflation. And if they cannot increase salaries, then control inflation so that it is not difficult for the poor to live. I do not think the rich need to worry too much because of inflation because they can invest their accumulated money in different assets with increasing inflation. They are saved from the fear of inflation, but during this time the poor have to face more problems.

Inflation affects both the rich and the poor. While this happens to varying degrees and in different ways, it's not accurate to say that the rich are unaffected. The rich also must take measures against inflation to protect their wealth. You can't protect yourself from inflation through interest rates alone. You must continuously make new investments and do it wisely.

The government doesn't raise wages at the same rate as inflation. Most of the time, the public loses out to inflation because wages are raised at a lower rate. This has been the case in our country for the past few years, people have struggled to make ends meet.
The rate of inflation has slowed over the past 2 years but we still have a very high inflation rate compared to other countries and it remains difficult to make ends meet.

[WillyAp]

The government has the power of sovereignty

That is what they say, but do you really believe sovereignty is to create devaluation?
Governments use inflation as a tool, to mitigate the effect of their own bad politics. Governments work sovereignty against their very people.  

[Zaka1221]

What I realized is that inflation is part of a growing economy. So expect that inflation will stay for good.

However, despite how negative the impact inflation is, still there are means not to totally eradicate it but at least to minimize getting affected with inflation. You can increase your source of income through getting a side hustle, create investment like gold and bitcoin that can hedge against inflation, or simply invest in your backyard. Grow natural foods in order to save from food expenses.

We cannot just accept that inflation is unavoidable because of the growing economy. Moderate inflation is okay and is common but increasingly high or persistent inflation is because of the deeper problems such as weak monetary policy. The solutions that you have suggested are easier, but not everyone has time to do another job or they do not have required amount of money or time to start a business or to invest in bitcoin or gold or grow their own food. Some families are just struggling to cover up their basic living expensive they do not have amount to invest in all of these things. It is the role of government to play its part and create more and better job opportunities for everyone.

[kawetsriyanto]

Inflation affects both the rich and the poor. While this happens to varying degrees and in different ways, it's not accurate to say that the rich are unaffected. The rich also must take measures against inflation to protect their wealth. You can't protect yourself from inflation through interest rates alone. You must continuously make new investments and do it wisely.

Of course, the inflation brings impacts to everyone (rich and poor). Even the rich people may have the advantage to deal with inflation, but they aren't immune with the inflation. Rich people have some possible ways to deal with the inflation by investing their money into Gold, Bitcoin, or landed property. Unfortunately, poor people have no way to deal with the inflation because they have no money for investment. Even, they are struggling to get the money for daily life.

The government doesn't raise wages at the same rate as inflation. Most of the time, the public loses out to inflation because wages are raised at a lower rate. This has been the case in our country for the past few years, people have struggled to make ends meet.

In my country, the government has tried to raise the wages but it isn't in all kind of jobs. Especially for the people who work in private companies, it is quite difficult for the government to push them raising the wages. The companies are also experiencing worse condition due to the inflation and bad economic condition recently. Well, I think the government can try to raise the number of new job opportunities for the people. This can be one of the proper solution of this problem.

[Dogedegen]

Inflation affects both the rich and the poor. While this happens to varying degrees and in different ways, it's not accurate to say that the rich are unaffected. The rich also must take measures against inflation to protect their wealth. You can't protect yourself from inflation through interest rates alone. You must continuously make new investments and do it wisely.

Of course, the inflation brings impacts to everyone (rich and poor). Even the rich people may have the advantage to deal with inflation, but they aren't immune with the inflation. Rich people have some possible ways to deal with the inflation by investing their money into Gold, Bitcoin, or landed property. Unfortunately, poor people have no way to deal with the inflation because they have no money for investment. Even, they are struggling to get the money for daily life.

Anyone who understands even the basics of inflation would know that it impacts everyone, but there may be some issues regarding the use of words in the wrong way. What is true is that nobody can escape inflation, that means that everyone is impacted by it and it is making everyone poorer. But rich people have access to better resources and are able to beat the inflation, this is what you are talking about and what I have written here before with another users. So it is very important to remember the words escape and beat, and how they are different in the topic of inflation. The mistake with your post I believe is also that you want to talk about rich and poor people, because those are two extremes on the opposite sides and they represent small portions of the population. Most people do not fall in those categories, so you can find some people that are poor but would have some money to do some investments. Many fall in different parts of the middle class and they have the means to try to escape inflation too. So both of these groups which represent the most people are able to try to escape the inflation, it is just harder the less money you have. But many of them choose to spend their money away on enjoying life in ways that are not necessary instead of trying to escape inflation.

[Barcode_]

Inflation was almost under control in the United States until Donald Trump launched a war against Iran and the new federal reserve chief Kevin Warsh are now stuck in a limbo as he does not seems to want to raise interest rates to tame the ongoing inflation as he was appointed by Donald Trump. With Iran using the Strait of Hormuz as a leverage for negotiations with Donald Trump, Iran can continue to inflict economic pain by causing prices of oil and energy to surge higher as Iran continues to shut down the Strait of Hormuz. The world could only hope that the war between USA and Iran will end soon and if the Strait of Hormuz reopens, inflation would surely cool down a bit with oil prices dropping.

[Etranger]

So it is very important to remember the words escape and beat, and how they are different in the topic of inflation.

I would focus less on "beating inflation" here and more on the fact that sometimes one manages to stay ahead of it. And what is definitely available to wealthy people is access to both information and resources that allow them to outpace rising inflation. After all, they don't and can't do anything about inflation itself as a phenomenon. And they certainly don't beat inflation. Inflation exists regardless of their actions. But they can keep their own financial situation under much greater control than poor people, who, unfortunately, always lose the race against inflation.

[Free Market Capitalist]

I would focus less on "beating inflation" here and more on the fact that sometimes one manages to stay ahead of it.

It is relatively easy to beat inflation by investing in assets that outpace it. Also, by earning more income and diversifying your income. I've done it, many people have done it, so I don't know why people shouldn't try to beat it.

And what is definitely available to wealthy people is access to both information and resources that allow them to outpace rising inflation.

I think you are using "wealthy" wrongly here. Somebody with a $2M net worth is wealthy but he doesn't have special access to information or resources compared to somebody with a $200K net worth.

After all, they don't and can't do anything about inflation itself as a phenomenon. And they certainly don't beat inflation.

Again. "They" do. I have done it. Many people have done it. If real inflation grows 8% a year and your income grows 10% you have beaten inflation. You can apply that to return on your investments as well.

[Etranger]

I would focus less on "beating inflation" here and more on the fact that sometimes one manages to stay ahead of it.

It is relatively easy to beat inflation by investing in assets that outpace it. Also, by earning more income and diversifying your income. I've done it, many people have done it, so I don't know why people shouldn't try to beat it.

And what is definitely available to wealthy people is access to both information and resources that allow them to outpace rising inflation.

I think you are using "wealthy" wrongly here. Somebody with a $2M net worth is wealthy but he doesn't have special access to information or resources compared to somebody with a $200K net worth.

After all, they don't and can't do anything about inflation itself as a phenomenon. And they certainly don't beat inflation.

Again. "They" do. I have done it. Many people have done it. If real inflation grows 8% a year and your income grows 10% you have beaten inflation. You can apply that to return on your investments as well.

It all highly depends on the country and the economic conditions you live in. Do you personally know anyone who has beaten inflation through honest means in a country that is at war and where the government is robbing its own people?

I’m not denying what you said, but you’re clearly speaking as someone from a rule-of-law state that, even if it isn't particularly developing, at least isn't slipping backward. And that access to investing in assets that outpace inflation, as well as earning more income, gives you away. I think you live in a world where all of this is considered the norm, something reasonable and accessible. Where your right to a decent-paying job isn't limited simply because of your physical location.

[Abiky]

I don't think it's fair to blame retailers for trying to raise prices. They're one of the last links in the supply chain before the product reaches the customer. The government also shares responsibility if it allows fuel prices to keep rising, since higher fuel costs increase transportation expenses, which eventually affect almost every industry. In other words, when the cost of key resources goes up, it inevitably leads to higher prices across the board.

With corrupt government officials, we can't expect things to improve anytime soon. It's mostly their fault. They're the ones that have allowed this to happen. Inflation favors central banks and governments, leaving the poor worse than they were before. The system is rigged. It all gets worse when inflation rises towards astronomical levels. Like in Venezuela, for instance, with a hyperinflation far beyond 100%.

Perhaps, we should let AI govern ourselves. It would do a much better job than corrupt individuals. Let's just hope the economy recovers, albeit for a brief period of time. Just my two sats.

[Razmirraz]

Inflation is deliberately maintained because it is a feature of the fiat economic system, this is not actually a conspiracy theory, the system was designed that way from the start. Inflation is one of the ways the government extracts value from money already in circulation, once we realize this, we must devise a strategy to outmaneuver inflation so as not to fall victim to a system deliberately maintained by the government.

We do not have the power to stamp out inflation; what we can do is prevent its effects from eating into our wallets. To build a fortress against inflation, we must strive to increase our income, invest in scarce assets like Bitcoin and gold, and try to cut living costs by utilizing the resources around us, such as growing our own staple crops. All of this is done because inflation teaches us one thing "don't be a holder of money, be a holder of value."

[Peanutswar]

[...]
With corrupt government officials, we can't expect things to improve anytime soon. It's mostly their fault. They're the ones that have allowed this to happen. Inflation favors central banks and governments, leaving the poor worse than they were before. The system is rigged. It all gets worse when inflation rises towards astronomical levels. Like in Venezuela, for instance, with a hyperinflation far beyond 100%.

Like what's happen right now here in my country, Philippines. The inflation is getting high and higher but even the government officials are blinded they even declined that the community of the philippines does not need to have a wage increase just to get along with the inflation. You can see here un this reference here with the recent issue. [url=http://Court suspends P85 wage hike in Metro Manila, DOLE confirms]Court suspends P85 wage hike in Metro Manila, DOLE confirms also imagine the government tellls that we are not even poor because we can spend at least P64 per meals and this is equivalent to ~$1 per meals imagine what kind of nutrition you could got.

Government does not have an action taken with the inflation they focus with the issue of the inside government officials about corruption.

[katanic97]

I don't agree.
There are ways to escape inflation, even if you  make your money with a bread and butter job you can escape it.
Only if you don't become active you are victim to outer circunstancies..

Inflation destroys everything. Living 3-5% anual inflation is easy, and that is not the problem. The problem are higher inflation rates over decades.

I grew up in country with 80-100% inflation per month. That is crazy, and economy is destroyed. Nobody knows how much anything costs, sometimes a person gets a good job and it becomes bad quite quickly and might become good again.

I also grew up in a country where inflation was almost 100%. It was also a country that was under sanctions and was bombed during the 90's. Back then, when a person got their salary, the next day it was worth almost nothing. If they didn't buy what they needed that same day, they could forget about their salary. Every day the money was worth less and less, it was madness...So inflation of 5%-6% is barely noticeable compared to that, but still, a lot of people are struggling to make ends meet.

[Etranger]

I don't agree.
There are ways to escape inflation, even if you  make your money with a bread and butter job you can escape it.
Only if you don't become active you are victim to outer circunstancies..

Inflation destroys everything. Living 3-5% anual inflation is easy, and that is not the problem. The problem are higher inflation rates over decades.

I grew up in country with 80-100% inflation per month. That is crazy, and economy is destroyed. Nobody knows how much anything costs, sometimes a person gets a good job and it becomes bad quite quickly and might become good again.

I also grew up in a country where inflation was almost 100%. It was also a country that was under sanctions and was bombed during the 90's. Back then, when a person got their salary, the next day it was worth almost nothing. If they didn't buy what they needed that same day, they could forget about their salary. Every day the money was worth less and less, it was madness...So inflation of 5%-6% is barely noticeable compared to that, but still, a lot of people are struggling to make ends meet.

Yes, people who talk about inflation as a driver of the fiat financial system and about how you can actually survive it just fine, you just need to invest in assets that yield a higher percentage than the inflation rate, have hardly ever faced inflation higher than 12% per year. This is definitely not the experience carried by people from completely ruined economies, victims of wars, revolutions, and depressions. If the annual inflation in my country were 5% (and let it even be in dollars, not in my national currency), I wouldn't notice it at all. Compared to what is happening to Ukraine's economy right now, talk about the difficulty of 5% inflation is perceived as kindergarten.