Quote from: Davian144 on May 28, 2024, 12:34:23 PM

Quote from: highalch on May 27, 2024, 12:04:34 PM

Fun fact: in order to keep inflation 0%, governments would still need to keep printing money.

Deflation is the base state of all economies, given that technological advance results in more produce year by year.

Printing money and fighting inflation are actually not the same and must be done differently by the government, because if too much money circulates in the market without control by the government it will not be very good for a country. Moreover, every citizen has to face inflation, which sometimes makes the citizens suffer a little if the prices of basic goods continue to rise and the value of the currency itself continues to decline.

Meanwhile, the progress of technology itself needs to be encouraged by each country in terms of its development because the presence of technology in the economic sphere can also make it easier for most people who run certain businesses and can also complete their work very well without having to sacrifice more physical energy. And this can also give more people the opportunity to work and open up opportunities for certain businesses by relying on technology that already exists today.

Over printing money is dangerous for any country and every government should work on infrastructure and they should not print over money because it is burden on the public of your country. If a government prints 10 percent of the money that is revolving in your nation,it mean that the value of of your money became low 10 percent. Government should provide free education to the poor people and should provide facilities to the public, in this way country will be strong because knowledge man is nothing and everything is because of only knowledge. If someone has a knowledge of his particular field ,he will be successful in future.