Quote from: Bitwave01 on May 01, 2024, 04:10:55 AM

To me inflation is a negative word so I consider it to be harmful. But in other hand we were thought in school that a creeping inflation can help drive economic growth.

The soul aim of inflation is decreasing purchasing power or devaluation of it currency in relation to price of goods which make is hard for the common man to survive.

A times the government manipulate the economy inflation to keep the people in poverty, for instance, a government worker might be earning #50,000 and the cost of his living is #40,000 the day the government increase his salary to #70,000 you'll see that his cost of living will increase to #60,000 immediately and i began to wonder while the value of money remains the same but it purchasing power fall drastically.
So I don't really think inflation is necessary, because it is a big disadvantage to the common man.

Inflation stinks. Your money is stolen by this invisible tax. It feels like you're trying hard to stay put. But inflation isn't that evil. It's part of the crazy economy. And no one person controls it. Globalization, supply and demand, and spending habits all factor in. Yes, stagnant wages are awful. It's much more complicated than government reform. What companies do with costs, foreign trade, etc. It causes this chain reaction beyond those in charge. So, don't get mad. Be smarter. Discover how this system works. No blame, just facts and links. We must master inflation's movements to win