The world economy keeps crashing with many incidence of inflation. What is happening at the moment is a clear indication of a world that has failed the minority. Although the underdeveloped countries could partly be blamed for the high inflation that exists in their respective economies. Would things turn around for good if underdeveloped countries start to add value to their natural resources themselves without selling to the countries with good economy?
This much like pertains to supply and demand logic. There would be an inflation on the product price if there is too much demands on certain products but the supply they provide can't be suffice the number. Plus the fact that the raw materials used was also increasing plays a huge factor on increasing the price on some products.
if the price increase is severe enough it will disrupt the stability of the country's economy. therefore the government is obliged to control inflation every year, so as to encourage economic growth in the country
Do you really think that governments control the inflation. As far as I have read and experienced, they are the main reason behind inflation. Corrupted authorities will never be good for their people. They control us with their tricks. Blockchain can help a lot in order to improve the overall economy of a state but this depends on government itself. Bitcoin can help people at individual level and it should be utilized by every person.
Government never control the inflation of money value, they only think with how to get profit with using cash money and never care whit their people saving money in the bank with long term period, how much money increase lower with inflation by saving money why not saving money with convert to gold or can convert with bitcoin and altcoin, if ten years have saving money in the bank you have miss big chance to increase your money if convert with gold or crypto.