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?
Inflation may not be necessary but it inevitable, countries have gone through inflation, some are still on it and that's it, you just just defined inflation in your own way which is also applicable, inflation happen most times because of the inability of countries to produce in large quantity of what they can consume, this triggers this countries to go for importation of those items that they dont have, the effect of this their act to their currency will result to inflation.
What makes a country currency to lose value is because of the dependent of that country on other nations for survival, sufficient production should be the major priority of every nation that want to lessen inflation, different country currency can not be at the same level because these countries are not in the same level I terms of wealth, knowledge and what they call offer to the global society.