Post
Topic
Board Economics
Re: Is Inflation Necessary
by
God bless u
on 27/04/2024, 08:57:26 UTC
The bitcointalk forum is comprised of diverse people from all over the world. Our countries' must have gone through inflation as a nation at least once or more since its history. As a refresher, inflation happens when the prices of goods and services rise and people can no longer afford those items because the country's money almost becomes useless. 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?
The biggest reason behind inflation in many countries is the baking system that was developed on the basis on interest back in the history by Jews. This system is such a thing that the world bank and IMF will get benefit from it but the people and the deprived ones will face the repercussions.

We need to get out of this system that's the only solution we can propose to the inflation we are facing. If we continue to live under these situations we will never get the benefit of living a wealthy and healthy life.