Post
Topic
Board Economics
Re: Inflation overpowers the value of money
by
usekevin
on 05/08/2023, 22:59:25 UTC
That's true because with the increasing price of petrol every other materials also get expensive so if the price of petrol and gasoline  are under control then inflation will also be able to Control.

Inflation does not effect only poor but its also a big threat for wealthy people and everything is of higher cost instead of vast amount of resources present in our country. May be the country's leader do not have any idea about the uses of these resources or may be they are scarcity of these resources but what I know is that here is abundant of gas, petroleum and water resources so they should worked on it to provide for each and every individual of a country.

Actually every one had their own reasons for borrowing,So we can’t blame the people who borrowing money.But borrowing will steal your peace and happiness,after borrowing money you are forced to pay certain amount on a fixed date.In a meanwhile you get any financial problems,but the borrowers will not consider it mostly.Because their fully motive will be getting additional money as an interest at your hard situation.So my suggestion is only borrow the money at the emergency,don’t borrow money for your luxuries life.