I Have been observing the way price of things are going up right from 2013 up till this time , add to the pandemic in 2019-2020 that caused high level of inflation to the world. Things are getting more expensive everyday both the rich and the poor are complaining of it and it seems the price of things will keep on getting higher. I'm thinking how will the world cope with inflation in 50 years coming 🤔, instead of price of things to come down a bit but it keep on rocking higher. I think the best thing to have in mind is to expect more inflation and to prepare how to tackle it in years coming.
That is the way the system is built, there is inflation every single year as economists believe this is good for the economy, what they do not tell you is that there are periods of time when the inflation is much higher than anticipated which makes your fiat to lose a significant portion of its purchase value, and that is not the worst part, there are times in which inflation goes completely out of control and the economy of a country collapses, something we have seen happening to many countries around the world during the last five decades in which the current economic system has been in place.