Post
Topic
Board Economics
Re: Inflation overpowers the value of money
by
passwordnow
on 05/11/2023, 20:33:05 UTC
First of all, moderate inflation is not bad for our economy or ourselves. It stimulates economic growth and promotes capital formation.But high rates of inflation lead to a retarded standard of living as they reduce the real income of people. It's regressive; that is, it adversely affects poor people. It increases inequalities (it increases the profit margins of business entities while reducing the real income of the salaried class—the rich become richer and the poor become poorer), and it reduces capital formation.Moderate levels of inflation are acceptable, but high inflation definitely warrants action by the government immediately.
As a citizen, you cannot moderate the inflation. This is the job entirely of our government through policies and laws that they're going to implement given the situation with businesses and sectors that are contributing hugely to the economy of a country. A high inflation is the result of incompetent government and there's no solution to it but to replace the government officials because it's obvious that they do nothing to stop or lessen it.

Usually with these results, they're just corrupt officials and just sucking the money of the people that are generated through the taxes. There's a huge inequality with this, the poor gets poorer and the rich takes advantage of it and becomes richer. This is the system that we used to live and it's hard to deal with it if you're going to stay into that system without any change that awaits you. So as an individual person trying to cope up and beat inflation, you'll have to do that much for your own favor. It's either leave the country or work your ass off more than the usual working hours together with other jobs or income sources.