Post
Topic
Board Economics
Re: What is The Negative Effect of Inflation on Household Savings?
by
Iranus
on 15/06/2024, 12:58:50 UTC


~snip

One of the biggest problems of today's economies is that the efforts of states against inflation fail to achieve results.

Fighting inflation requires joint efforts between countries because today's countries are closely linked to each other through trade transactions. Therefore, a country will not be able to fight inflation if the remaining countries do not cooperate and help, which is why repelling inflation in each country is very difficult, if not impossible.

Not to mention, great powers often abuse their power and influence to export inflation to smaller countries. So many governments are failing to control inflation.

It can be said that inflation is a global problem and to be able to fight it requires the cooperation of all countries, no government can unilaterally repel inflation.