Quote from: MusaMohamed on April 02, 2024, 04:16:58 AM

Governments create their loops and repeat it many times. Printing money and providing new money supply to their citizens and society to increase purchasing power in their economy. Later when inflation shows bad impacts, they tighten their financial policy by increasing interest rate and force their citizens to deposit money back to central banks, commercial banks.

Problems are it is more easily to print new money and dump it to society than retrieve it back to central bank. So the net effect from government and central bank is always increase inflation.

Monetary inflation can also be attributed to incompetent leadership in most under developed countries in Africa and Asia and if they are not …then s big part of the population are simply ignored as surplus population and are not meant to consume those counties goods and services on the basis of equality…..which can even include basic needs as food clothing and shelter as in most African countries and India….not to speak of even willing to pay for whatever they consume. You cannot survive a currency inflation unless you're linked to the State and it's resource allocation. If you were under a government a wise and competent government will dampen consumer behavior by decreasing the money in circulation and may even invest that in all town of resources in particular some line of production and private owned. Thus we see thus kind of inflation is typically a socialist problem and State allocation of resources.
Be willing to change your life-style so as to avoid the purchase of expensive things and things that are not necessities. And to be prudent with what and when and how you live. Reduce your food expenditures by home cooking and choosing less expensive foods and less processed foods—pork, chicken, vegetables, grains. One person’s fast food meal will equal the cost of one meal for the whole family. Review your entertainment activities—more nights in vs at the theatre, bar, etc. Review home video service contracts—find lower cost options that may deliver similar services. Turn your heat down in the winter by a few degrees and wear sweaters. Analogous strategy in summer with air conditioning. Manage your driving habits—bundle trips so fewer travel miles, practice fuel efficient driving. Refinance home mortgages to a lower rate or smaller payments. Extending the length of a low interest rate mortgage during high inflation is a good thing.