Post
Topic
Board Economics
Re: How is the cost of living in your country?
by
DrBeer
on 18/04/2023, 20:15:34 UTC
Inflation is now a deadly disease in almost every part of the world. Every country is now affected by this disease. As a result, the cost of living has increased less and more in all countries. Especially for those countries which are dependent on other countries i.e. dependent on imports, it is having a fatal effect. Moreover, rising fuel prices and high commodity prices in in every sectors are prolonging the recession.

Unfortunately, inflation is a by-product of the social order. I will explain what I mean.
1. I do not take into account those countries where the government is either idiots or total corrupt officials. There inflation is a consequence of their "life activity"
2. I meant ordinary normal countries where there is an acceptable standard of living, and the government seeks to provide everyone with more or less comfortable conditions.
It is the social sphere or external or force majeure factors that always lead to the fact that the state begins to "print money". Otherwise, the lives of most citizens will immediately sink to the bottom. Let me clarify with an example - Pandemic Covid19. The economy "stopped", taxes fell, unemployment is huge. And the state has millions of people who have at least temporarily lost their jobs, their health ... How can we help them? Only money. Directly - by paying some kind of compensation or indirectly - through funds that distribute food, clothes, medications - manufacturers also cannot produce products for free.
At the same time, the government understands that when the economy stops, printing money = INFLATION. Yes, there is inflation without all these circumstances, but it is not so noticeable. And if you notice, talk about "unpleasant inflation" intensified precisely after the global pandemic, which brought huge economic problems to all countries.