I think the inflation because of pandemic, the price increase, food, services, and other needs for living everyday. And I also think why the prices increase is to get their losses from previous year, that is business they are only thinking is to get profit.
Nope.. I don't think that the businesses are responsible. With so much competition, it is virtually impossible for the businesses to overcharge. The problem is with the governments. Now they got the justification in terms of the pandemic and no one will question them if they print unlimited amounts of banknotes. The US government has announced additional spending plans worth $6 trillion. The other countries are likely to follow the example. It is a once in a lifetime opportunity for the politicians to steal trillions of USD from the public exchequer. And hyperinflation will be one of the several consequences that result from this robbery.
Yup, I couldn't agree more. The government is the most responsible for the inflation issue in the country. At first the government could print money with gold collateral in the country, but now they are so free to print money without any underlying assets. The current alibi of the government and central bank, if asked what is the underlying asset of a currency today? The short answer is a guarantee from the country's central bank. But their policy is to print so much money just to fill the stomachs of the corruptors because it has been proven that in many countries the distribution of subsidized money does not reach the public. deposit interest that can reach millions of dollars.