Quote from: Awak Bambi on Today at 03:32:51 AM

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.

If we look closely, both have advantages in inflation and deflation, but we must first look at the state of the country so that we can carry out inflation, because if the country's economy is not good then the people will be miserable because they will experience inflation. unable to meet daily needs.

Inflation is actually good, but if the economic condition of society is not good it will have fatal consequences for the country, so in this case if the country wants to create inflation it must be prepared for what will happen because this inflation will bring many risks even though in the future there will be many beneficial things that can be learned.

Inflation does nothing but reduces the value of our money that is what held in possession by middle class in their savings so higher inflation will curb the life of middle class and force them to work more to meet their needs which gives opportunities for the rich people to exploit the human resources apart from that inflation makes rich people richer cause they hold their assets in anything like gold, bonds, real estate, luxury items so if inflation hits they are the one will be benefited.