Inflation the biggest problem of the modern era.

[Furious 7]

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..

This is quite interesting but on the other hand we will still be affected by inflation regardless of whether we try to avoid it or not as long as we are in a country and the same rules of our fiat system will be eroded in the impact of inflation that occurs so the choice for me is not to avoid but to try to survive the impact that we have felt.

Today we have even felt the impact of inflation which shows that even if we try to avoid it it will be the same but when we are prepared to endure the impact we will feel may not be greater than others feel.  Inflation is inevitable but we can deal with it and one of the best ways to deal with inflation is to secure our hedge value with investments that have good progress as a hedge. This will be enough to fight and prevent that the impact we feel is not greater than that of those who do not do the same.

[Dogedegen]

[Let's first revisit what I was talking about, inflation is not something that you can escape. Even while you are doing this with your house, you are still not escaping price inflation relating to groceries, fuel and everything else in your life.

Yes buuut how di you relate a grocery sale vs a house-loan or anything else you get a loan on.
If you make in a time-frame of 6 month some 15000 US$ how does the raised grocery price relate to that.

The issue with your writing is that you are mixing up different things. What you are writing about is positioning yourself correctly inside an inflationary environment, doing things like owning appreciating assets, holding stronger currency, profiting from volatility and many other things. But that is not the same as escaping inflation!

Inflation is the general rise in prices, and this affects everyone to some degree. The things that you are describing is using all kinds of concepts, loans, investments, exchange rates and such to get returns that are bigger than the inflation. That would be something like beating inflation, not avoiding it which is not possible. This is why I bring up the groceries, because even if you are beating inflation you are still being negatively impacted by it. Think about it this way, maybe you earned $20 with the inflation but without the inflation you would have earned $22. You can ask AI also to confirm, it is not possible.

Sure you cannot run away from all inflation but you can work the system to make a killing.
Ina highly volatile environment like some countries in Africa you make a killing by having foreign currencies alone.

That sounds good but I never believe such stories without proof. Do you have actual proof that someone is doing this and the steps that they are taking or it is just talk like gossip?

however inflation remains a subjective economic concern

It is not a subjective economic concern, that would be a mischaracterization of it.

[Dareo]

~snip~

Of course inflation is a big problem, because it affects almost everyone every day. You can see it when you go to the market or pay your bills.  But calling it the only or biggest problem would be to minimize other real problems. Corruption and a weak economy often make inflation worse. In my opinion changing the financial system alone will not solve all problems. A strong economy and accountability working together will make people's lives easier. Bitcoin may be an option for many, but real life economic problems cannot be solved with just one technology.

[WillyAp]

Sure you cannot run away from all inflation but you can work the system to make a killing.
Ina highly volatile environment like some countries in Africa you make a killing by having foreign currencies alone.

That sounds good but I never believe such stories without proof. Do you have actual proof that someone is doing this and the steps that they are taking or it is just talk like gossip?

The son of a friend borrowed against the hotel he inherited.
A high inflationary period of the country and made a killing with it.

Asking AI is quite useless as the predominant opinion is you cannot beat inflation.
When you live in a high inflationary country: 

They (the government) screw its own currency. For a reason, the state pays wages in local currency, they created a daemon who is to blame, the evil $. destroying the currency while printing more of their local currency.

If you manage to earn in foreign currency or crypto you can beat inflation.
Inflation is part of a system based on growth. You can predict roughly who many kids will be born. how many will be battered with illness but you won't ever know how much money the system needs so you have nil infection. As long there is money supply, alone from getting burned, ripped and else you need supply. 

[Iranus]

This is the situation before and it's true that the life before was like this, very simple. A regular job can get you a house and a car and you'll still fine. These days, you'll get multiple jobs and it seems that it's still not enough due to the inflation that we're all not exempted for. The problem lies on how much the salary is and the inflation hits it and that its value becomes lesser. Our parents lived a better life than us because of how lif was simple way back then and inflation wasn't that high.

It is true that life is getting harder, but that is not just because of inflation. Inflation is just one of many factor.

The structure of the economy today has changed significantly compared to previous decades. The population has grown rapidly but is not evenly distributed, the job market has become more competitive, and skill requirements are higher. Another factor is that younger generations today tend to spend more and pursue a higher standard of living compared to previous generation...

We cannot completely blame inflation and assume it is the only reason why life has become more difficult.

[Fragrance1122]

Modern society is characterized by so many problems, which has helped shaped society and the way it lived. Looking at the modern society that we find ourselves there is the problem of religious extremist which pose the problem of threat to societal peace and safety, yet if am to judge that is not the greatest problem of this modern era. There is also the problem of fraud, which has ever been seen at least not at this present scale which has caused a lot of economic impact on the world economy. Yet I will not say that fraud is actually the biggest problem of the modern society we find ourselves.

There is also the threat of war, which is also a big problem to global peace, with threat of nuclear weapons almost on daily basis, yet I will not even say that that is the biggest problem of the modern era. Inflation remains the biggest problem of this modern era, I have come to the conclusion that, the biggest problem man kind is faced is actually inflation. It's a monetary problem, until the world government fixes our money mankind is in a very serious problem.

Everyday mankind is faced with a serious problem and that is survival, with the world economy that we find ourselves today the cost of living is increasing every single day.This has even impacted on the way human used to live , when compared with previous generations. If the world monetary system is not fixed am afraid to say that mankind is at a cross road of survival. Just like the evolutionists will say that the world will only be for only the strongest and the weak will die off.

Inflation is increasing annually but the truth is we ourselves has boosted inflation by merging the supplementary needs into the basic needs like how.? Let me explain. Before we used to have clothes on special occasions but now we need clothes for every random and particular function. Before car wasn't the demand but ride was which was supposed to bicycle or motor bike but now having four tyres vehicle is considered mandatory by every individual especially your spouse demands for that and for that you ought to have fuel as well which costs a lot bigger on daily bases. The mobile phone created depression more than it's advantages even the teenagers are eager to have a luxury mobile phone which needs balance as well.
Take extract of all this and you will reach the conclusion of inflation. There are a lot of more things which you can see in your surroundings.

[CryptopreneurBrainboss]

If the world monetary system is not fixed am afraid to say that mankind is at a cross road of survival. Just like the evolutionists will say that the world will only be for only the strongest and the weak will die off.

Inflation has always been a problem of the world and it isn't just our generation that have experienced this but what makes our own generation worse is that we don't understand how money, asset and inflation works that is why it seems like we are the one suffering the most. The people of this generation don't own anything and this makes it difficult for we to survive when the price of things begin to increase and our money start losing value. The other generations own land and they were farmers which means they produce the crops that they consume but presently we consume everything but own nothing and this make us vulnerable to when inflation gets very high. The only way to combat inflation is to invest in appreciative assets that gives you money and retain the value of your wealth.

[justdimin]

Inflation has always been a problem of the world and it isn't just our generation that have experienced this but what makes our own generation worse is that we don't understand how money, asset and inflation works that is why it seems like we are the one suffering the most. The people of this generation don't own anything and this makes it difficult for we to survive when the price of things begin to increase and our money start losing value. The other generations own land and they were farmers which means they produce the crops that they consume but presently we consume everything but own nothing and this make us vulnerable to when inflation gets very high. The only way to combat inflation is to invest in appreciative assets that gives you money and retain the value of your wealth.

The thing is, economies are not managed properly, and when the bad days come, and they always do come, we are not ready for it because we are using the finances at the latest edge wherever we find it, meaning that the smallest bump makes us fall over the side.

If we were more careful, and did things a bit better, the new wouldn't really be facing these issues, and I do not mean just governments, I mean like every single person in the world, from Elon Musk, to ordinary dudes like us, if we all just spent the way we should, instead of all of us going as much high as possible with our spending and investing and what not, the new could do better. But because we end up being more greedy, that greed requires more money eventually, which means printing, which means inflation.

[CageMabok]

~snip~

Of course inflation is a big problem, because it affects almost everyone every day. You can see it when you go to the market or pay your bills.  But calling it the only or biggest problem would be to minimize other real problems. Corruption and a weak economy often make inflation worse. In my opinion changing the financial system alone will not solve all problems. A strong economy and accountability working together will make people's lives easier. Bitcoin may be an option for many, but real life economic problems cannot be solved with just one technology.

What you say is true, because there are so many problems that have arisen in society, so anyone who wants to eradicate inflation must have more ways to combat it and must also be able to persuade everyone to care about it if they want to escape the difficult situation of buying goods that may continue to be expensive from one month to the next. Now, all governments are starting to care about this problem, although most governments don't directly point to Bitcoin as the solution and replace their financial systems with other systems.

[Odogwu-Blockchain]

There was a time I blame inflation for everything and I've got to understand that nothing can be done about it, we overheard our parents complaining the same inflation when I was a child, till this moment I've grown into an adult and complaining from where my parents stopped.

The major solution to this is adapting to the systems, complaining and nagging won't help, however your source of income is, manage, adjust to the economy and then leave.

[Dogedegen]

Sure you cannot run away from all inflation but you can work the system to make a killing.
Ina highly volatile environment like some countries in Africa you make a killing by having foreign currencies alone.

That sounds good but I never believe such stories without proof. Do you have actual proof that someone is doing this and the steps that they are taking or it is just talk like gossip?

The son of a friend borrowed against the hotel he inherited.
A high inflationary period of the country and made a killing with it.

That is good, and possible for some but there is also a degree of luck. Had the situation taken the other way, he would have owed a lot more now and have a big issue. I have read about many cases where people ended up in that trap while taking loans in different currencies trying to gain an advantage compared to their own currency. Also, you have to consider does he actually have more value or does he simply have more units of account of the terrible currency of the two. Let me explain, maybe for $100 dollars you could get 1000 of the other currency before and now you can get 10000 for the same $100. This does not necessarily mean that you gained 10 times the value, it is quite possible that this amount of money buys you the same value now as the 1000 did before.

Asking AI is quite useless as the predominant opinion is you cannot beat inflation.
When you live in a high inflationary country: 

There is the wording confusion again, you can beat inflation with good actions and some luck but you can't escape it.

[maydna]

No doubt that inflation becomes major problem in all countries. People are suffer facing this and hard survive with all they can do. Before inflation happens or it is already happens, we must minimizing our cost, saving more, only buys the important thing for our lives.

We should learn live simply to have more money to save and no need to follow what others do but we pay attention to our basic needs, fills it, and saving more money. Use the free money to invest in something benefit in the future, Bitcoin is an example. We might facing a difficult time in the future but we can prepares from now on.

[Abiky]

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.

The problem is not inflation, but rather the rate at which inflation is growing. It's increasing at a very fast pace. Wages aren't catching up, making life utterly-expensive. It's hard to live like this.

At least in the Gold and Silver era, it wasn't that hard. Inflation was non-existent. That's because there was no money to print. Governments can't create more Gold or Silver out of thin air. But now? It's paradise for them. The system is designed in a way that ultimately favors the rich. That's where Bitcoin comes in. It's deflationary, decentralized, reliable, and private (sort of). Maybe it's set to fix the world? I'm yet to see...

[Fragrance1122]

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.

The problem is not inflation, but rather the rate at which inflation is growing. It's increasing at a very fast pace. Wages aren't catching up, making life utterly-expensive. It's hard to live like this.

At least in the Gold and Silver era, it wasn't that hard. Inflation was non-existent. That's because there was no money to print. Governments can't create more Gold or Silver out of thin air. But now? It's paradise for them. The system is designed in a way that ultimately favors the rich. That's where Bitcoin comes in. It's deflationary, decentralized, reliable, and private (sort of). Maybe it's set to fix the world? I'm yet to see...

Yes it is the core issue when things get up 5-10 percent annually and paychecks move 2-3% life feel like running on treadmill.

And off course Bitcoin matters here as an alternative. Because it has a fixed supply and can't be printed any more. Secondly no government and bank can control it. Rules are about code not meetings.

Well it's not going to fix everything overnight but it is giving an option to the people they didn't have 18 years ago.

[passwordnow]

There was a time I blame inflation for everything and I've got to understand that nothing can be done about it, we overheard our parents complaining the same inflation when I was a child, till this moment I've grown into an adult and complaining from where my parents stopped.

The major solution to this is adapting to the systems, complaining and nagging won't help, however your source of income is, manage, adjust to the economy and then leave.

I haven't heard a complain from my parents due to inflation, it's probably because they have no idea that the reason for the increase of everything is due to it. But then, they continued to keep on living and dealt with day to day life. Now that I am an adult, I felt the same thing. Can't complain over matters that we have no control over but we can voice out and whoever is sitting in the government as incompetent leaders, that have nothing to say with what they think about our reaction to their poor governance.

[Rockstarguy]

Everyday mankind is faced with a serious problem and that is survival, with the world economy that we find ourselves today the cost of living is increasing every single day.This has even impacted on the way human used to live , when compared with previous generations. If the world monetary system is not fixed am afraid to say that mankind is at a cross road of survival. Just like the evolutionists will say that the world will only be for only the strongest and the weak will die off.

I don’t see inflation to be the biggest problem in our society; inflation is just an economic challenge that is static so far as there is an economy. It has always existed, and sometimes people may not feel it when the rate of inflation is low.

Inflation becomes very visible when there is poor leadership that is unable to solve economic challenges. The biggest problem is a corrupt government because if there is no corrupt government, you won’t even have anything to talk about regarding inflation. Most times, someone might be the cause of inflation or something else, but inflation can still be controlled when the right person is in charge.

[YOSHIE]

Inflation the biggest problem of modern the era.

That is certain and a fact that is happening, inflation in the modern era like now, of course inflation is one of the real obstacles and challenges for the economy, almost all sectors are hampered by inflation, We can observe that if people's purchasing power declines, this kind of situation will become more complicated in terms of global economic growth.

We can imagine that currently many businesses are disrupted and going out of business, these are all factors that have the biggest influence on inflation, with expensive production costs, of course it is no longer affordable for people to buy products. If the government does not immediately respond and adopt policies for price stability, the public economy will certainly become increasingly cramped due to the inflation phenomenon of the modern era.

[DrBeer]

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..

The only set of solutions would be either to reinvest funds in a profitable business, or to try to minimize risk by shifting earned funds into more stable currencies (the dollar, the euro, etc.) or assets (gold, stocks, real estate, etc.).
The question is: to what extent is this feasible for people with low incomes and !spare funds"?

[WillyAp]

The question is: to what extent is this feasible for people with low incomes and !spare funds"?

They have the worst cards people could get.
Still it is tough to accumulate in any given country and tougher as a city dweller.
The debate is about can inflation be beaten, yes it can.
Can anyone beat it? No

People identify with one of the many groups a people consists of and judge without seeing the wider picture.   

[Fortify]

Modern society is characterized by so many problems, which has helped shaped society and the way it lived. Looking at the modern society that we find ourselves there is the problem of religious extremist which pose the problem of threat to societal peace and safety, yet if am to judge that is not the greatest problem of this modern era. There is also the problem of fraud, which has ever been seen at least not at this present scale which has caused a lot of economic impact on the world economy. Yet I will not say that fraud is actually the biggest problem of the modern society we find ourselves.

There is also the threat of war, which is also a big problem to global peace, with threat of nuclear weapons almost on daily basis, yet I will not even say that that is the biggest problem of the modern era. Inflation remains the biggest problem of this modern era, I have come to the conclusion that, the biggest problem man kind is faced is actually inflation. It's a monetary problem, until the world government fixes our money mankind is in a very serious problem.

Everyday mankind is faced with a serious problem and that is survival, with the world economy that we find ourselves today the cost of living is increasing every single day.This has even impacted on the way human used to live , when compared with previous generations. If the world monetary system is not fixed am afraid to say that mankind is at a cross road of survival. Just like the evolutionists will say that the world will only be for only the strongest and the weak will die off.

Inflation seems to be a byproduct of other things - it spiked heavily with Covid and then started to come back down after a few years. Then it shot up again with the Russian invasion of Ukraine, but trended down again after things over there started to "normalize". It has since shot up further after Trumps stupid decision to pick a war with Iran which can control 20% of the oil exported from the Middle East, which has drastic effects on the economy of most countries. Inflation in normal times was quite low for decades, but it is the poor decisions of politicians like Putin and Trump that have caused major problems for the lowest and middle earners across every single country in the world. The sooner both of them are gone, the more likely things are to improve.