Quote from: Awak Bambi on Today at 06:10:02 AM

Quote from: oktana on June 14, 2024, 11:48:40 PM

Inflation is general. It’s in every country on earth. Unless the country doesn’t use fiat (which isn’t possible because what then are you using as legal tender). In the next couple of years, the cost of petrol would likely be more than that. And even if it isn’t, other items like food items, or clothes would cost more. How you’d know this is when you look back to how it used to be, you can see the trend of inflation.

However, with the implementation of inflation, people will have difficulty buying goods which are primarily their family's basic needs. I think inflation in a financially unstable society will only make things worse for society the difficulty of finding food is currently being exacerbated by inflation which is making the situation even worse goods rise, this really punishes the lower class by using the word inflation.

In my opinion, the state must be sensitive to the situation of its people, because many regulations are made without knowing the situation and make people have to follow them and submit to the laws in their own country, this is really unfortunate for lower and middle class people. because they will feel the impact of inflation.

When inflation occurs, this will make it very difficult for people to fulfill their needs because all their needs have increased and for those who have saved money, of course this will be very detrimental to them because their savings have not decreased but the value of them has decreased. the savings they had when they first saved and many more difficulties that occur during inflation.
If a country makes regulations without thinking about the fate of their people, this will really create great chaos because the people will have great difficulty in implementing them.