Post
Topic
Board Economics
Re: What is The Negative Effect of Inflation on Household Savings?
by
batang_bitcoin
on 15/06/2024, 07:50:40 UTC
Many countries have failed or gone bankrupt due to not being able to overcome the impact of inflation, causing their people to fall into poverty and there are even several countries where people have experienced prolonged hunger.
That's hyperinflation. Countries like Venezuela, Argentina, and Zimbabwe, they're on it. I haven't mentioned the others but I think there are some few and amongst them, I think Argentina is doing better than all of them. Please correct me if I'm wrong.

Therefore, no country wants to experience inflation because it could have fatal consequences.
No country really does but one of the reasons why a country goes into a crazy inflation rate is because of the corrupt leadership of a country and as well as sanctions.