Quote from: Stepstowealth on April 25, 2024, 08:42:13 PM

Quote from: alastantiger on April 25, 2024, 08:31:49 PM

But is inflation needed? Why can't we just keep the currency at the same value?

Maybe the government are trying but keeping the inflation away may just be unavoidable. Some policies may sound good, but on implementation may not provide the required results.

I think currency can not be the same as you think because those countries that are productive wouldn't have the advantage of their products and while it will be in favour of consumer because they will have access to the products very easy and cheap, in our country inflation is our major challenge because we are not productive so everything we used are all import that why we are battling with inflation, our currency keep losing value everyday and our government are just watching all this to happen because the said they are helpless, my country are blessed with many minerals resources which alone can be used to stabilise our currency but unfortunately this foreigner have cage us to the extent that even to breath we need to seek permission from them, they always came to advise us on the economy as if they are not battling there. I don't think governments can't do anything to take away inflation because they are not the one controlling it.