Inflation the biggest problem of the modern era.

[AgriTrack]

I believe that inflation will always be there, and is part of the economy. The thing that makes inflation bad is on how big the inflation rise over time. Moderate and minimal inflation would be fine. However, with how a lot of countries are experiencing high inflation, it's bringing more negative impact to ordinary people living off of paycheck to paycheck.

Aside from fortuitous events, or something like pandemic, wars, and other natural disasters, I'd blame high inflation to poor governance and corruption. If not everything, most of the things that leads a country's economy to a certain point is because of their government.

A country that has a government which keeps everything under control at all times and has stabilized the economy, such countries won't have high inflation even in times of war or natural disasters because they can handle those things easily if their economy is stable. When you have enough resources and natural resources, you have good connections and trades with other countries, your country produces goods and stuff that can be exported to make more money for the country, your people pay their taxes without any hesitation becaue they know the money is going to be used for good causes, then in such a country, the government can easily adjust everything without letting their people suffer.

However, as you mentioned, a country with a corrupt government and no proper governance, things can easily get out of hand. When there is already inflation that has made the lives of the general population like hell because of how the prices of goods and services are increasing over time, if something like a war or a natural disaster occurs, the government won't leave that opportunity to make more money out of their people so that they can fill their pockets. They won't decrease the taxes to adjust prices in such difficult times, but they will allow the increment of the prices so that they don't have to let go of their own profits they can make.

[uneng]

I conclude our countries are ran by scammers. The government is constantly making empty promises about economy which can never happen for real, at same time they manipulate numbers, create bonds and demand you to trust their word and credibility (which is non existent at this point).

Nope you looking for things to blame so you don't have to act.
How did Cashea grew in a country run by you calcification?
How can there be no inflation if the economy is build on growth?

I'm just reading reality in its raw state. And by doing so, I'm already acting. To not blame anything is exactly what the few individuals in charge of this wicked system want everyone else to do.

It's not normal that people lose purchasing power along the decades. Each generation takes longer to achieve the same goals their parents and grandparents did. It's not normal that quality of what we consume daily is decreasing and packages become smaller. And it's not normal that people in general ignore what is going on, as if everything was supposed to work this way.

[HelliumZ]

Inflation has now become a common problem in my country where people are constantly suffering from rising prices and the standard of living of people is only good among the upper class of the society but the standard of living of those in the lower and middle class is getting worse. However, the standard of inflation in our country was not like this ten years ago. It was much less but the unlimited corruption and money laundering of the political parties can be identified as one of the main reasons. Moreover, the government printing money unknowingly at different times is another significant reason for inflation. The government, under the pressure of foreign debt, regularly printing money to cope with the pressure is one of the main reasons for inflation. For all these reasons, my country is now in the grip of inflation and if we say that the suffering of the people of the country of inflation alone is endless.

[Solokan]

In my opinion, the biggest problem currently facing humanity is inflation. In my area, inflation is indeed being felt, as money is losing value, and living costs are becoming more expensive However, I believe it's very difficult to fix this, as stopping inflation isn't easy. What's clear is that we must be able to offset it by striving to ensure our income continues to increase over time And, if necessary, and if we have the money, we can certainly invest to prevent inflation from eating away at our money

I believe all problems are significant, including people going to war or a country experiencing war. This is something no one wants, and it's certainly a major problem, because in times of war, death is a threat

[Smack That Ace]

Increasing your source of income won't be an escape from inflation it's just a Way you can cope with it. There are people that have multiple streams of income but for the fact that they live under the system there's no total escape from inflation. But you gave good areas a person can invest in to get resources, agriculture is a good one because you don't only make this a source of income but you can also reduce cost because there are food products you wouldn't have to buy anymore because you plant them but only few people go into agriculture.

Very few people choose agriculture because life is not just about meeting basic needs or coping with inflation. People also desire higher income, a better quality of life, and a brighter future. Meanwhile, in today's industrialized and modernized world, agriculture is considered a low income sector. So its not surprising, nor is there anything wrong with the fact that most people dont want to work in agriculture.

[WatChe]

In my opinion, the biggest problem currently facing humanity is inflation. In my area, inflation is indeed being felt, as money is losing value, and living costs are becoming more expensive However, I believe it's very difficult to fix this, as stopping inflation isn't easy. What's clear is that we must be able to offset it by striving to ensure our income continues to increase over time And, if necessary, and if we have the money, we can certainly invest to prevent inflation from eating away at our money

I believe all problems are significant, including people going to war or a country experiencing war. This is something no one wants, and it's certainly a major problem, because in times of war, death is a threat

Inflation is ever increasing problem and will continue to remain in coming years. As an individual we have no authority to stop this problem but what we can do is to take necessary steps to counter the every increasing inflation rate by increasing our income. If you are doing job then keep in mind that pays are not increased to counter inflation. People doing job have to work extra to increase their monthly income and its not very difficult these days because of internet you can work online from comfort of your home.   

[Ab de villiers]

Escaping inflation doesn’t mean you aren’t hit by it, of course you would experience the price hikes in every commodity you buy and should you happen to offer some service yourself or is active in the buying and selling of products, you would reflect those changes in your product but, when you work a 9-5 and their isn’t a notable salary increase, you would be left to feel the full weight of it all and it’s recking our world in real time today.

In our daily lives, everything increases, the burden of which everyone has to bear. If you do a business or provide a service, you can change your prices according to your increasing costs. And for those whose income does not increase over time, inflation becomes more difficult because when the income remains the same and the prices of things increase, they find it difficult to buy the things they need, which causes them to face problems because the expenses increase and the income remains the same.

[abhiseshakana]

In my opinion, the biggest problem currently facing humanity is inflation. In my area, inflation is indeed being felt, as money is losing value, and living costs are becoming more expensive However, I believe it's very difficult to fix this, as stopping inflation isn't easy. What's clear is that we must be able to offset it by striving to ensure our income continues to increase over time And, if necessary, and if we have the money, we can certainly invest to prevent inflation from eating away at our money

I believe all problems are significant, including people going to war or a country experiencing war. This is something no one wants, and it's certainly a major problem, because in times of war, death is a threat

Inflation is ever increasing problem and will continue to remain in coming years. As an individual we have no authority to stop this problem but what we can do is to take necessary steps to counter the every increasing inflation rate by increasing our income. If you are doing job then keep in mind that pays are not increased to counter inflation. People doing job have to work extra to increase their monthly income and its not very difficult these days because of internet you can work online from comfort of your home.   

Yup, I also see inflation as something that we can not stop it individually or we can categorized it as risks that must be managed with righ and proper financial strategy. I think the most important thing is increase our ability to createa income even after we pension and i think it is the most valuable intagible asset. When inflation make everything more expensive and cost of live increase, we need to manage our cashflow in an orderly manner and say no to lifestyle inflation. Many think that only investment that can beat inflation but matter of fact there are many ways to beat inflation such as have an emergency fund saving, invest money that not be use in short term and diversified your investment can be on real productive business, bitcoin, property or gold with the aim of helping to reduce risk if one of the assets performs poorly.

[CryptoBuds]

Inflation is ever increasing problem and will continue to remain in coming years. As an individual we have no authority to stop this problem but what we can do is to take necessary steps to counter the every increasing inflation rate by increasing our income. If you are doing job then keep in mind that pays are not increased to counter inflation. People doing job have to work extra to increase their monthly income and its not very difficult these days because of internet you can work online from comfort of your home.   

Inflation won't just continue to exist in the coming years, it could also last for many decades or even centuries. In other words, as long as central bank can print money freely, inflation won't disappear. It could even become more serious over time if it isn't properly managed.

Increasing income and investing in asset that can hedge against inflation, such as gold and Bitcoin, are thing we can do to deal with inflation.
But I don't think increasing our income is easy these days, especially through online work. Online jobs aren't diverse, and they also require skill, experience, and come with a lot of competition. They can be even more difficult and competitive than offline jobs.

Increasing income has never been easy.

[WillyAp]

It's not normal that people lose purchasing power along the decades. Each generation takes longer to achieve the same goals their parents and grandparents did. It's not normal that quality of what we consume daily is decreasing and packages become smaller. And it's not normal that people in general ignore what is going on, as if everything was supposed to work this way.

It is normal since the Romans invented the creation of coins with thinner silver content.
That was around 2000 years ago, most people did not know the effect. But no it is normal to loose purchasing power as long as you don't let you money work for you.
Real estate usually grows in value. 

[Nanga Parbat]

Yes true, inflation is a serious problem of this era. I was thinking what else could be grater threat for the people in particular country. Despite all other issues i have found that inflation is biggest problem among all. Because it is basically a root cause of many other problems. Wages are not increases with equall percentage of inflation. That ultimately creates other social issues as well. My country has suffer alot from inflation especially over last few years. Handling the economy becomes a challenge for the government but now increasing social problems is becoming another major issue. Inflation forces many people for doing two jobs. Now all are busy for making their survival better.

The increase of prices has upset civil life of lower classes as no one had ever raised wages. The ordinary citizens are forced to work day and night in order to make a living to support their families. Life has become more difficult because against the backdrop of the fact that the government has not been able to contain the high rate of inflation, the exchange value of the banknotes in the existing market has been destroyed.

I think people who are sitting in the government are not actually serious in solving the civilians problems. They just used to see the graph or making the changes in prices of goods, this has become their habbit. Middle class affected seriously, they find no place to fulfill their economic needs. There is no policy, no subsidies even not any NGO's are working for their interest. Small businesses are near to collapsed, the high wave of inflation needed to be tackle seriously. Otherwise many people will have to live below the poverty line.

[Dogedegen]

Fiscal and monetary policies can't coexist without inflation, the way they are set is what is going to determine how the inflation will exit.  If the government do it right, the inflation will be so small that it will be negligible but if the government mismanage it, there will be high inflation and if the government set them and tries to do hide and seek game, there will be worst inflation like when the government prints more money, it makes the economy to be very bad.

Government changes has a way it makes the economy suffer, like the way US is right now, Donald Trump might be fighting to make sure that the economy is stable and implements hard choices of policy. The next government can come and change it that they don't like the policy. Such can upste the economy, it can make the inflation reduce even more or make it worse, all depend on how the government is able to handle the situations.

This is not true, I do not understand why users here write absolute claims that are completely false or you are using wording that means something else than you want to say. There are some small truths inside of this post, but the way that you present it here is not consistent with the current economics. The first issue is the claim that fiscal and monetary policy can't coexist without inflation, but this is just false. The coexistence of these two policies does not automatically create inflation, because if it did then modern economies would have very high inflation often. It also sounds like you are trying to simplify that the only causes of inflation or even the primary causes of inflation are policies, but in most cases they are not. Inflation has many causes and some we can better understand because they are major and visible like supply shocks, such as recently with oil crisis or not that long ago with a pandemic. It is true that poor policy makes inflation worse, but in most cases it is not the main reason fore the inflation. There have only been some cases in history where the government really did crazy stuff and where you could say that the policies were the main reason for the high inflation.

If you look at other examples, the inflation for the United States in the year of 2015 was even 0.1%. Do you want to say that this year they forgot and did not have any fiscal or monetary policy?  This disproves any claims that these policies can't coexist without inflation, and actually you could cause deflation by using a combination of these policies. Please be correct in what you are trying to say.

[fruktik]

Yes true, inflation is a serious problem of this era. I was thinking what else could be grater threat for the people in particular country. Despite all other issues i have found that inflation is biggest problem among all. Because it is basically a root cause of many other problems. Wages are not increases with equall percentage of inflation. That ultimately creates other social issues as well. My country has suffer alot from inflation especially over last few years. Handling the economy becomes a challenge for the government but now increasing social problems is becoming another major issue. Inflation forces many people for doing two jobs. Now all are busy for making their survival better.

I have friends who work three jobs. How do they do it all and manage to do it all? It remains a mystery to me. In their pursuit of big money, they don't see life. It flashes before their eyes, yet they are forced to exist this way. Is this right? I can't answer this question. For me, it's quite complex, as it requires a more detailed examination and understanding.

Yes, the government in my country has simply frankly forgotten its obligations to the people. It doesn't care at all about how ordinary people live. All these officials think only about their own enrichment.

[Baki202]

One of the biggest issues facing the world today is inflation, which causes prices to rise uncontrollably because even the government struggles to control it and lacks the authority to do so. One way to deal with inflation is to have multiple sources of income; at the very least, you will be able to outperform whatever inflation may bring.

Additionally, we should set aside time to research inflation so that you can find a solution that will help you combat it. If you don't take inflation seriously, you will be left behind, so it's better to figure things out because it's best to avoid putting all of your eggs in one basket. And there is no way everyone is not been affected by inflation.