Quote from: Hydrogen on October 27, 2021, 02:57:44 PM

Quote from: paxmao on October 27, 2021, 09:43:22 AM

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 it. Setting the stage for yet another disaster 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.

It is odd that we have to learn the same lesson over and over again, the only system that we have found that works are the free markets, the moment free markets stop being free and instead there is a central party trying to dictate prices and wages then everything goes down the drain, it is as if the idea of decentralization is in fact correct and any attempt to over-regulate the markets is destined to fail, which is why one of the core principles of bitcoin, which is decentralization, is absolutely correct and the power to control the money supply should be taken away from centralized parties as they cannot help themselves repeating the same mistakes over and over again.