Post
Topic
Board Economics
Re: Inflation hitting the world every year
by
South Park
on 25/04/2022, 02:17:08 UTC
Many countries should learn from the problem of inflation, it's time for us to use a more stable financial system, and actually what ancient civilizations did, namely only using gold and silver was the right thing, if gold and silver is currently very difficult because of the large amount of stock. limited, the country can make cryptocurrencies with a fixed amount so as to avoid inflation.
Using gold and silver would be one of the easiest things around the world and it will create a very stable system, but that is precisely why politicians do not like it, the inflation tax allows them to tax all your wealth and not only your income, so it is a more effective way of taxation, plus politicians do not have to go through the trouble of raising taxes and they prefer this as trying to raise taxes will create a strong backlash from the public, and when we add that they benefit from an unstable system and it gives them incredible power then it is easy to see why backing a currency with gold and silver is a system that was abandoned long ago.