Post
Topic
Board Economics
Merits 3 from 2 users
Re: Time to foot the bill
by
Hydrogen
on 27/10/2021, 14:57:44 UTC
⭐ Merited by paxmao (2) ,vapourminer (1)
However, the governments are playing with the idea of not keeping public salaries with inflation.



Government regulated wages could represent a shift to a planned economy (also called command economy).

https://en.wikipedia.org/wiki/Planned_economy

The mentality that says government should operate and regulate every aspect of wages, prices and the economy is a fundamental shift away from capitalism, towards socialism.

The more people try to discuss inflation. The more apparent it becomes that almost no one remembers anything relevant or important about inflation. Setting the stage for yet another disaster and crisis born of inflation to become a harsh and cruel reality.

People tend to forget hyperinflation is an essential ingredient behind extreme poverty of nations. Its something that can occur anywhere in the world. No one is entitled to be immune. It can affect all of us if allowed to progress to a point where it becomes terminal.