For me cutting down expenses would be another way of adding value to our money. Like cutting down the rate we eat, for those that spend alot on food, you can do better without over eating. the way we buy unnecessary items that has no value, when we have other useful things to do with money. So lets focus on the top priorities, expecially things that will bring more Money.
What do you guys think about this? Would this be helpful? And what do you think will help us in this time of economic hardship?
To me, your first suggestion about limiting the rate of eating is no a valid way to reduce inflation. In other aspects, I can compromise to cut expenses if necessary but if I can not increase my budget on food, I will definitely not going to reduce it because that's first basic of human need.
Yes that is true other ways of also reducing it is by reducing other habits like smoking, drinking luxurious lifestyle and extravagant spending and many more. All put together can go a long way to cutdown expenses.
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.
But I thought most time a old printed money are returned back to the central bank for recycling. And also most of the money printed got missing some hot burnt. Some are reaped to where they cant be used forever so money printing may just be a way of replacing this ones that may have disappeared by replacing them. Anyways I am not talking about what politicians or government does that causes inflation rather a way for us to manage ourself to reduce the effectiveness of what the government does to us.