Quote from: Hyphen(-) on April 25, 2024, 09:12:28 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? And why does it only happen to money? For example, the same wouldn't happen if we used gold as a currency instead. Is inflation a ploy that the government uses so people don't get rich off of savings?

I think price of things goes up when the demand is high and supply is low; and lower supply can be caused by so many factors which includes production costs and others. And mostly, goods that are not been produced in our countries are the once going very high with huge inflation which can be caused by cost of currency exchanges, transportation and so on.

Inflation is a general something that happens worldwide but some people suffer it more because of their improper economic management, but provided your country depend on any good that is been imported from other countries, then inflation is likely to occur.

You are actually right, there is no where on earth that inflation doesn't exist, that is the part of existence that makes life beautiful.

Everyone do suffer inflation in one way or the other but most countries suffer it most, as you have said because of lack of management by our leaders, also for their selfish interest and also no matter how we try to be good or do good, there are things or law that can't be changed, I don't know if it's a natural occurrence just like this inflation, no matter how we do, our resources might be difficult for one to afford.

So that is why we should be self employed or learn a skill to help our selves than depending on our government to makes things easier for us.