Topic: Inflation is a creeping beast (Read 924 times)

Inflation is caused by the increase in prices internationally and in world market that is affecting all the countries. No one can run form this inflation ,as the prices of oil,goods ,commodities, basic needs all are increasing and everyone have to face and lift this burden. Yes rich people are little less affected by inflation but poor people are fighting for thier survival . Inflation is a creeping beast as it is affecting our whole economy.

However, the government plays an important role in this. We choose them to do something that should be done, namely improvement in all sectors. It's true that we can't blame them for our own failures, that's a different matter in my opinion. But this concerns the survival of the people they lead. I'm not trying to blame the government for this, but I want to convey that whatever happens their decision will greatly affect the survival of the people.

the damage has been done - now the news of oil prices increase or decrease does not excites me much because what is done is done.
There is no way to undo the prices to the old prices.
So inflation has made a huge impact and people are upset for it - but the only way out is financial freedom.

Let's for a. moment stop blaming the government for all our failures
Only those who strive for the best excel in their life. Life is not a bed of roses and we all have to struggle hard to survive through the tough days.

If economy is bad, nothing good works fine in that environment, say the businesses, the rising cost of food, increased in cost of production, increase in low quality products as most companies would want to minimize cost of production and maximize profits, there would be mad inflation, so tell me why would peoples life not be miserable when the government are not doing their own part.

If the people wish to survive, the government must do their part to keep things in good shape so that whatever the little resources the people have, they can live fine regardless of the financial level, otherwise even the richest man will shades tears one day and would eventually blame the government for his misfortune.

There has always been and always will be inflation. There will also be economic crisis in certain periods. Sometimes it will be local, sometimes it will be universal.
From the state's point of view, the solution is not decentralized currencies. Governments always want to control money as long as they exist. There cannot be a government that says okay I'm giving up my right to print money. Eventually it gets into a vicious circle. Printing more money, rising prices, higher felt inflation, less declared inflation in official data, and the resulting decline in the purchasing power of the people.


Every country has different inflation numbers. For developed countries it's way too lower and in countries such as Argentina, Brasil or Türkiye it's sometimes 10 times more.
For example, the inflation declared in our country is around 80%, but it's over 150% according to another unofficial research institution. When you go to the market, you can see that there is at least 200% inflation in last one year. The government is working very professionally to manipulate these figures. I wish they would really do this work on fighting inflation, instead of showing the numbers low.

Inflation is not a problem of one country or nation; in the current ERA, it's an emerging global problem that almost every country faces. Also, there aren't any specific factors that can be responsible for inflation. There can be buna ch of reasons which can lead towards inflation. But I'm afraid I have to disagree with the idea of decentralized currency, as it would not be fruitful for the economy because of its decentralized status and having no regulatory authority. Only sufficient investment and proper financial planning and budgeting can help to control inflation.

Inflation is like termites that we can never avoid, since I know the price and money, namely when school, the value of money continues to decline, and now I have worked and the impact of inflation is getting higher and weight I feel.

inflation is so annoying
creeping in all areas, in all circles and in all countries.

what can I do with this fact, hopefully this world will rise again soon.

because if you continue like this, you don't know what will happen in the future.

Sometimes, even with how hard you do it if the government's rules aren't in favor of those people that are thriving hard, they'll blame their government for their failure. But if it's our own mistakes and faults, yeah, there's no need to pinpoint the government.

But honestly, the government plays a role in uplifting people's lives. If they have policies that will help their citizens to excel in different sectors, everyone will be successful. However, they're just like guides and your path to success still relies on yourself. And in terms of inflation, their implementing policies plays the part on this important times to at least mitigate the continuous increase of it.

I personally also feel worried because so many of our brothers and sisters are suffering from high inflation. but personally I am very lucky to live in a country where inflation is not too severe, because I have a government that can handle inflation so it doesn't have a high impact on society.
Yes, I hope that the world economy will quickly recover and progress.

I do not think that governments are as ready as you might imagine for the chaos we face. I mean they prefer to live in a perfect world so they could continue to be corrupt and still not hurt the nation if they possibly can.

In a world where everything goes badly, they can't possibly be corrupt AND still keep the nation going fine, so do they stop being corrupt? No, of course not, instead they keep being corrupt and still hurt the world. That is why there is no saving from inflation by governments, it will slow down of course but naturally and without help, because nothing can keep going up forever, so it will eventually be lower, but it will be due to time, not governments.

People do argue that world needs a decentralised currency but honestly how will it solve the purpose? I mean think of a scenario where you need to buy vaccines for your country due to an immediate pandemic, now when you are using fiat it's easy you can just print more money and buy it and can foot the bill later but in case of a decentralised currency you are stuck, your people will keep on dying and you can't print more money you have to accomodate in just what you have.

I would assume that they are the main reason why we have inflation, let alone be able to control it somehow. I mean we are talking about government printing money which caused inflation this time around, which means that we are going to be in trouble for a while now because the only way out of pandemic they found was printing money and giving it to people, all of which ended up spending it to survive, so the money went to people who do not need it, but could store it aka the rich.

That's why I am not guessing that we are going to end up with any government help to get out of inflation neither, it's going to be us working hard to find a way to get out of it, without help.

That is why other countries that made Bitcoin legal in all their communities  experience little inflation in their countries compared to those countries that they didn't make Bitcoin legal in their countries that is making their inflation higher than others countries that made it legal. I guess, many governments are working seriously to ensure they eliminate inflation from their countries by legalized Bitcoin to  educate the youths because the youths are the leaders of tomorrow.

The government must have thought of a solution to reduce the impact of inflation, whether it's in what form I don't know,
In addition, this condition is also exacerbated by global economic conditions that are not doing well,
It's really very complex and we'll see what happens next

I mean isn't that the point? Russia did something bad, and there are sanctions, and they may or may not leave but that means they are going to get their lives destroyed?

Let’s be honest here, Ukraine did nothing wrong, they wanted to be in Nato and that’s their right, if they want to be in Nato they can be and Russia can't stop it, because if they stop it, that means Russia is de facto ruling another nation and that’s not acceptable.

Russia attacked, killed many innocent people, occupied lands in another nation, and you want west to just leave it be?

They helped Ukraine and sanctioned off Russia because they 100% deserved it, and their lives needs to be destroyed if they are fine about killing innocent Ukrainians, then we are fine with starving out Russians, isn't that normal? Stop the war, remove your soldiers, and come to terms that Ukraine is another nation you cannot meddle, and sanctions will be lift off.

The more people become poor, the better for the government. You can't have power if you don't have money. Inflation is only designed to benefit the rich, as it usually harms people in the lower and middle classes. Bitcoin has been shown to maintain its value over time, so it's likely more people will join it to help combat inflation. While Bitcoin has experienced a massive dip in price, it's still the best-performing asset on Earth.

Long-term speaking, Bitcoin should be able to stay afloat thanks to its limited supply of 21m coins. The deflationary mechanism of the cryptocurrency is what has made it a better alternative than Fiat. One way or another inflation will decline as central banks increase interest rates to strengthen national currencies. But inflation won't completely disappear because that's a unique property of Fiat. Who knows how long will it take for the global economy to be restored? Just my thoughts

Looking with deep thought on the idea here, I begin to see reason with you and my mind go towards comparing then and now to see if there is anything as the reason for such "high" inflation that time in human history and now (which is high also) and why it is showing alot in homes reflecting hardship. I realize many things have changed in the past to now. I think let me try to list and explain brief to them.

1.  Population growth: I believe there is explosion in human population. When there is too much people on the use of some amenities, it will become difficult for that to last long, and so is product that too much people going to limited item this make it difficult for people to really get satisfied because price will go up. I think there was time some countries talk about birth control.

2. Agriculture is suffering: Because of war, erosion, environmental change, natural occurrence, this sector is not able to take care of the overgrown population.

3. Job losses: And back in the past there were lot of job available and families have work to do to take care of the homes but now only few jobs available for a constantly increasing population. Job losses is a big problem across the world even in America.

The problem is things really changed as it was in the past and population growth rate is high.

It is true that we are definitely affected by inflation and we must find solutions to deal with it. because after all we use fiat for our daily transactions.
So it is very difficult to avoid inflation, and don't think saving money in the bank or any bank product can solve the inflation problem. The value of
our money will indeed continue to decline and the interest rate for saving in the bank is very low, unable to overcome the impact of inflation.
The only way we have to collect assets that are not affected by inflation, for now I am investing in gold and crypto, it has proven to be able  to
overcome inflation. But to be able to buy gold and crypto of course we must have a large income, therefore I can't just rely on money from my main job
to deal with inflation. In the last few months I've been looking for as many side jobs as possible, because the more sources of income we have,
we can have large amounts of extra money, we can use it to buy assets such as gold and crypto that are not affected by inflation.

When inflation is running and the minimum wage is balanced with prices, the impact of inflation will not be too severe, but the problem is when inflation starts to occur, staple foods are more susceptible to rising uncontrollably, this is where the real problem lies, because the burden will not be balanced with the minimum wage received.
In other words, the community's economy will deteriorate and the fulfillment of basic rights cannot be guaranteed during this period.
If the sector is the focal point, then it is best to stock up on as many basic necessities as possible, during periods of current inflation and when price pressures return to normal as usual.

I try to remember the Inflation of 1970, the digital footprint that remains is quite astonishing for us to reread, at least in 1960 to 1997, Inflation was so severe and widespread throughout the world, that many countries were on the verge of bankruptcy.
However, many countries have been able to get out of the inflation problem by using certain targeted problem-solving methods.
Everyone does not expect inflation to occur again in a more severe stage, because this will affect the stability of the country and the people's economy will deteriorate.

It seems insane that people think we can pump hundreds of billions of dollars into endless wars and everything will turn out fine.

The sanctions on Russia are severely affecting ordinary citizens. Throughout history we've had countless examples proving that sanctions are ineffective at getting countries to comply with the US and Europe's demands yet we keep going down the same route knowing that many people's lives will be destroyed. People are paying many times more for groceries, gas prices are hitting record highs, and Europe is suffering an energy crisis but still you have all these batshit crazy warmongers cheerleading for further escalation with Russia, more sanctions and more money printing.

So the economists say (and since I'm not one, I'd be a pompous jackass if I vehemently disagreed).  However, as with so many other things, it's the degree--or in this case, the rate--that matters.  My non-economist brain tells me that all is well when wage inflation at least matches price inflation but that situations like those in Venezuela or even Weimar Germany, i.e., hyperinflation, are bad.  Really really bad.

I'd also say that the inflation rate of the 1970s was pretty bad, and that wasn't even close to hyperinflation.  I can't remember how high it was, but people still remember it to this day--and now when I go shopping for food, it seems like prices of certain items keeps going up week by week, so I have to wonder if we're going to see the inflation rate get as high as it was 40+ years ago.  It definitely seems that way.

Oh yeah, by the way: just when we thought gas prices were on their way down to acceptable levels, they shoot back up to nearly $4/gallon.  In California I think it's more like $6/gallon.  And I know it's much more expensive in Europe, but it doesn't seem to bode well for the economy as a whole in the US.

Nothing is happening now that has not happened before or will not happen again after now. It is the world's government that needs to rise up to the challenges, and I know they would as the world always wins in the end. Inflation is bad just like deflation, and it is plaguing the world heavily at this time, but the good news is that a good government has all the mechanisms to tame it, it might only take time.

However, I totally disagree with you on turning to decentralize currency to curb inflation, what would that do? I guess you don't know economics, which could only be the reason for saying that. What have Bitcoin and other decentralized coins done in this time of inflation? That should have told you something.

The more the decentralization of the economy, the worse things would become because many valid transactions would not be counted towards the right economy (country).

Inflation is a problem that we will not be able to avoid if we still use a centralized financial system, people will think that by saving as much money as possible it will be successful, but if there is inflation then the value of the money drops drastically.

The rich have a lot of ways to escape inflation, which is what makes its effects so unfair as the ones that suffer the most are the middle class and the poor, the rich have most of their wealth on hard assets, they either have real estate, bussinesses, jewelry, art, gold and now even bitcoin, so the inflation of fiat currencies does not really affect them that much if at all, but for the rest of the population the effects are massive, which is why people which were middle class before the crisis end up becoming poor.

The government has the major role to play here and i give kudos to some countries whose government have been consistently considering the poor and less privileged in times of economy hardships, such is been experienced during the covid pandemic lock down phase, to start with let us consider the population growth of each country, the numbers of mortality in ratio to that of natality, if we consider the increase in growth rate of population within the space of five years then we will know that government does not eventually put into consideration a plan, access and the right for a living standard of the newly born generation which will in few years constitute to populate the numbers of a particular country, we are growing all over but no enough capacity measures put in place to accommodate the living standard required by individuals.

Still in the 50+1 category, inflation cannot be linked to crypto, the concept of inflation can be lowered lower, when the price of basic necessities can be achieved by the community, even though the income received by individuals does not increase, because the biggest influence of inflation is in this sector of needs, even though we cannot ignore other sectors.

The world economy is a major factor in inflation. But on a small scale, inflation can also occur in any country, with many reasons and causes that occur.
Perhaps the bitcoin purchase in question amid inflation is not for low-income people, but for people with above-average incomes.
Because people with low incomes, whether inflation or not, can't buy bitcoins either. The relationship between the two sources is irrelevant, in a bitcoin buying relationship in the midst of the ongoing recession.

That's the reality for the inflation. Aside from the underclasses and the poor, those that don't care about their finances and don't have knowledge about the inflation will also be dealing with it hardly.

The rich folks understands how the inflation goes and that's why they're the ones that easily adjusting on it and they can deal with it easily. While them making a lot every inflation happens, the poor gets poorer because their spending capacity is getting lower.

It's time for them to start thinking that they should get more source of income but the very foundation of it is to know the basic understanding about it and be aware.

If the world ditches the Fiat standard over the Bitcoin standard, then it may be possible that decentralized cryptocurrencies will solve all of our problems. As it's said in the real world, "fix the money, fix the world". But governments won't allow crypto to take over, because they will lose control over people's lives. Central banks will continue to keep Fiat afloat by any means necessary. While inflation cannot be avoided, it can be controlled to a point where it doesn't do too much harm over the mainstream economy.

It's normal for Fiat to experience some inflation since it was designed to be spent as a currency (not hoarded as a scarce asset/commodity like Gold or Bitcoin). Without inflation, Fiat currencies will become so strong that it would be too expensive to use them for daily payments. Inflation becomes much of a problem when too much money is being printed on an annual basis. With high inflation rates, prices for food, gas, energy, and other commodities will rise like there's no tomorrow. This will make poor people even poorer than before, especially when wages remain relatively static. Unless COVID-19 and the Russia-Ukraine war ends, don't expect to see any signs of improvement over inflation anytime soon. Just my opinion

Inflation victimizes the poor and the underclasses while making the rich richer paper-wise. The ever-increasing prices of commodities makes it so that the poor will spend more money than they have to, while the rich could continuously earn more money than they know what to do with. Sure the increasing prices of some items and services may hurt them a little but at the very least the elites wouldn't have to worry about how to find food and money for the next days like we do. So you are correct, and the fact that the value of money is steadily decreasing the more it's used isn't helping either, there will come a time when we'd have to rake in bags of dollars for measly purchases, which is why digital purchase is a thing.

This is a simple solution but at the same time it is the most difficult of all to actually implement, and it is not difficult to see why this is the case, when we are going through a period of inflation everyone begins to suffer because of it so it is natural that people begin to think about earning more money, but what happens when every single person is trying to do the same at the same time? It becomes way more difficult to actually achieve your goals and as such unless you were earning a lot of money already this is something very difficult to achieve.

Bitcoin cannot be main global currency, bitcoin will always be there as an alternative, as a liberty option and not to become the global reserve currency. Apart from the global adoption which will take a very long time to actualize, bitcoin is actually fixed in supply which will make the price to be so so high before it will attain global adoption. By then it will be like digital gold and no longer a currency.

Back to Topic:

Inflation at the start stage affects the poor whose small purchasing power is depreciated. But on a long run, even the rich suffers because of inflation.

The fear in this is the imbalances from the price irregularities, if it goes up it does not comes down, every item on the market never remained the same as it was before now, the inputs is little compared to the output given, which means affordability of a normal standard of living for an individual household member is fast increasing beyond measure and it's alarming over the influence of what inflation has caused.


This also is another imbalances we are talking about, working like a jackass earnings peanut, thee economy isn't balance by those in government saddled with the planning, salaries are not to right on because this time, the government also cry for insufficient funds.

now news of inflation is everywhere, and prices of electronic goods, food prices and so on are UP. but what makes people dizzy is that there is no increase in BHL salaries, and I think this is what makes people confused, but what else should be done, because now almost all countries are experiencing it, but in my opinion to
increase your income so you don't get too down with inflation now, I think it's better to invest in bitcoin which can be a long-term and short-term investment, but of course you have to know about bitcoin and crypto trading. I think investing in bitcoin is a good solution to fight inflation.

 Bitcoin can not save inflation, the major causes of inflations are first when there is shortage of supply i.e what is being produced can not reach up to its demand,such as food, gas.
 Secondly, the war between Russia and Ukraine has added to inflation and lastly the pandemic all these took inflation to its peak,if not inflation is a natural thing as long as the world is concerned.

I so much have this pity on the developing countries that have althrough this while been suffering from inflation o er times, i think about how they maneuver to make a living through their earnings because what is coming in for them is not sufficient enough to maintain an average man living standard, that's why you could see an ever increasing poverty rate and diseases because of lack of employment and good access to food and good water for drinking.


There's no doubt about this reality and it's quite killing the interest of the people in predicting the market value because everyone tends to lie and manipulate up his market just to realize more profits thereby affecting others


I still can't understand how debt could serve the purpose of an asset and not liability

Spend less is a key factor that is a very tricky subject here. If you are living in an inflationary environment then you are going to have a hard time spending less, and if you do not buy the thing you want to buy right now, tomorrow it will be more expensive. I suggest considering debt as an asset and not a liability. I would suggest if there is inflation, then prices will go up, so if you make debt to buy something that you can resell later on, that would be a lot better in the long run.

It's not easy to buy things that you could resell higher because even if there is inflation, the thing you bought will turn from brand new from the store into a second hand, so buying second hand is better, that way it stays second hand and will go up in price even when you are using credit card or loan to buy it, you will resell for higher than what you paid for.

Since the governments are not going to listen to their population then each person needs to take care of their finances to the best of their ability, however the average person does not want to do any of that, they just want to work, get paid and then spend their money without thinking about the long term implications of their actions and the actions of the governments, this is the reason why when a crisis strikes they are so unprepared and they are surprised by the turn of events, even if they had months or even years to prepare for the upcoming crisis.

I agree that we need the decentralized monetary system to escape from the trap of inflation but why we are still waiting for the government approvals if its the real solution?

There are some people who make money even while the inflation increase and government doesn't get affected as such people that is why they simply approach the inflation rate increase as nothing serious but to the one who is earning money by giving effort know the real pain behind it.

If inflation is serving as a creeping beast to looming every economic progress then it's time we realized the need to create a resistive monster to tackle against it, we have different approaches we can adopt in the economy to achieve this, one can engage on sourcing for an alternative business or venture, investment on digital asset like bitcoin, adopt Dollar Cost Averaging (DCA) techniques, set a realistic budget with adequate planning, avoid unnecessary spendings, cut cost and always buy the dip.

Unfortunately, not that many people understand the current concept of the situation and that means we are going to end up with people thinking inflation could be solved with crypto and will fail to make money.

Reality is that when inflation happens that means something wrong with the world’s economy and yes, we had pandemic which caused printing of money to survive, which caused inflation, and that means it’s a whole world problem and now that there isn't any printed, not many people are left with that newly printed money. This causes everyone to have financial trouble, and when people have financial trouble it’s impossible for them to buy bitcoin.

If you think Bitcoin will become the main currency globally, it will probably take a very long time because until now there are still very many countries that do not see Bitcoin as an important currency and not everyone in this world is a Bitcoin user. So it still requires additional users in all countries so that each country can see Bitcoin as an important asset even though the currency of each country cannot be thrown away because it is still needed in life.

Actually, there are many ways to deal with inflation problems that can be taken by the government as well as by ordinary citizens, one of which is to increase production output, facilitate the entry of imported goods, stabilize people's income (wage level), set maximum prices, and carry out supervision. and distribution of goods. Source.

Inflation is a serpent and there is so much damage inflation does to us that we realize it so late that we have been attacked by the inflation
Everytime I go to market and when they are calculating the bill it's always way beyond my imagination - it gives me shock there and that shock last for around a minute.

The path ahead of us will not be easy, people are slowly realizing that the crisis we are facing is not like the ones we have seen before and there is a big possibility it will be way more intense, governments are also realizing this which is why they are trying what they can to reduce inflation, but if those measures fail then there will not be much governments will be able to do except to try to protect their currencies, and gold and bitcoin will be without a doubt on their sights, so I will not be surprised if at some point holding bitcoin was made illegal.

The funny thing is that when inflation gets worse, many of the government's policies in tackling inflation do not feel the impact. even inflation remains worse. Such as efforts to raise interest and taxes. and the reason is quite reasonable. but in reality it doesn't have any effect at all. and inflation is still getting worse. even add to the burden on society. and the beneficiaries are still from the government and the Bank itself. the solutions presented by the current government tend to be of little use. even more difficult for the economy of small communities. So it's no wonder that riots are getting crazier in some countries. public protests against the government issuing policies that are not in accordance with the aspirations of the people.
Food and Energy should be the main focus of every government. but the policies made it difficult for the agricultural sector. So many farmers have stopped being farmers. and converting agricultural land into new business land. so that agricultural land is getting narrower from time to time. and the interest of young people to become farmers is decreasing drastically. because the agricultural sector does not look profitable due to many government policies that burden farmers. such as expensive fertilizer but the selling value of agricultural products is dropping.

But prices come down as a result of supply shortage driven inflation. When demand increases because of too high of a money supply, the money that enters circulation is never going to be taken out. The Ukraine war is responsible for the energy prices being driven up in Europe, causing high inflation when the cost of goods go higher. That's not to say their COVID spending spree's didn't have a massive impact either.

Had the Ukraine war not occurred, you would have still seen a large inflation increase, just not to the degree we see now.

With inflation and global recession as the main issues lately, I really feel, Bitcoin will get its role where adopting bitcoin will be a good step in putting the currency on the right track as this currency is already gaining traction in the global market, BTC it can also be used as a cashless transaction with no limit on how much it can handle unlike other forms of banknotes. I think it's only a matter of time before it will definitely be used as a major currency.

There's no doubt that COVID has blown things up around the world and although some countries have not been hit too badly, it still has impacted the country's economy. Meanwhile, every country is still struggling to deal with the remnants of COVID (we can hope now is when COVID will end) so that inflation does not occur in their country. Although some countries have been hit by inflation, they continue trying to prevent inflation from increasing. I hear the cost of living in the UK has doubled from before, especially this winter.

It truly is. COVID amplified its impact around the world due to which global economies are under a lot of pressure leading to many countries literally on the brink of collapsing. It's very scary if you think about it.

Both developed and developing countries get affected to varying degrees(For example, UK is suffering thanks to its impact at the moment).

The problem is that, while you want to print more money for the more people that is available due to population increase, there are troubles coming along with it.

First of all, that money doesn't go to pockets of each new person, it goes to mainly companies which leaves even less for regular people, meaning the regular people have the same amount of money, whereas companies have more, the ones you printed, and inflation happens so regular people who have the same amount of money now need to pay more but don't earn more. Secondly inflation happens higher than the growth rate, if a nation grows at 2%, but inflation is 10% then it is over inflated as well.

I think it will be impossible to construct a decentralized currency because developed nations, no matter how much they wish to, will continue to struggle for power and remain hungry to control others. Even though gold has long been the preferred reserve, more nations control it than the rest of the world and it can be tracked using blockchain technology which is bad. As you may also be aware, governments regularly print large quantities of paper currency in an effort to undermine the very economies they are working to stabilize while also raising interest rates for their own gain, the government they say!

Let's be honest with ourselves, nothing can be decentralized as long as the government still controls it else, it wouldn't exist in their cycle.

Basically this is the result of the global economic crisis and inflation is also happening everywhere,
for a company or business they must take a policy by reducing the number of workers,
it's a challenge to face economic conditions like this

This is the reason why we shouldn't let our money saved without any movement at our bank accounts since in the long run we will be defeated by inflation and the interest given by them will be chunk which is not totally worth it. We should be a wise investor so that we can generate good money flow and can able overcome the outrageous effect of inflation brought up by crisis and other economical interruptions.

There are increased inflation rates throughout the world. As per a recent survey, the inflation rate in our county Pakistan is 45% which is way too high.

Another thing is that dollar rates are increasing worldwide and investors are more comfortable investing in dollars due to recent policies but no one realizes that dollar investment is not safe and also it is not an inflation free like bitcoin.

The only way to fight inflation is to invest in noninflationary assets like bitcoin.

Yes because a mob of people each with its own set of values with its own ideas will be extremely effective in completing a project, take a look around you and see what this decentralization does to projects in rural areas where there is a mayor, a council, the head of the prefecture a senator, a ton of other council members, a government and of course 1001 ana a half NGOs each with its agenda.

This whole decentralized everything is just ridiculous, just imagine if each village will act on its won and in one the highway will be 12 meters wide and in the other 10, one will use furlongs for it's road signs the other miles, one will use DC other AC power, decentralization on small levels is not efficiency it's pure chaos.



No, it's not and it's actually pretty simple to stop.
All you need to do is spend less, less demand on the market, and prices decrease, it's actually far easier than thinking suddenly the whole world will change to a decentralized currency, and the example is pretty clear, no matter what money printing, inflation in Japan hasn't managed to pass the critical 2% even if the government is bent on that task because simply put, people don't spend, there is no demand so no way produce will dare increase prices.

Why do you think the price of oil is going down, no buyers, no demand, look at the results.

The truth is that these large-scale investors and these large manufacturers and producers are not really suffering that much from the ill effects of inflation. You know what, I'm even amazed here in my country that despite all the economic downturns brought by the pandemic, the violence in Europe, the falling of our fiat's value compared to foreign currencies, the rising of prices, and so on, large businesses are registering high profit growth. This only means that however severe inflation is, these businesses thrive because all the burden is actually passed on to consumers.

The relationship between inflation and a decentralized currency is very far, inflation is influenced by several basic reasons, the currency owned by each country can be monitored by the competent authority, so there is no strong reason that inflation can be suppressed by this problem, the habit that occurs is precisely when the price of goods soars, is scarce and cannot be found in the market, inflation arises and cannot be controlled.

Especially regarding the basic needs of staple food as the fulfillment of the right for human survival, if this problem cannot be suppressed, then inflation will run beyond anyone's control.

Basically the reason inflation started was due to 2 things. First was the stimulus and second was the supply constrains. When the economy slowed down they stopped making cars and then all of a sudden everyone had stimulus money and started buying cars like crazy. And this created supply problems and demand was high and hence inflation went up.

Now to control it interest rates need to go up to prevent people from buying stuff they don’t need. We need to make it a privileged to hold cash in our savings account. Hence why they are raising rates.

Inflation won't go away but it could be slowed down.

Complaining won't really help you to survive but trying to look for some ways will. It's all survival after all and it's hard to do that if you're not capable of doing anything and even having a plan.

Although the government should play a big part of at least mitigating the situation and trying to do something so that citizens won't suffer a lot.

People are even blaming the government for the continuous rise in the prices of primary goods. The unemployment rate is also increasing because huge businesses are decreasing the number of their manpower to lessen their expenses because they're badly affected by inflation. They have to sacrifice their people to keep their businesses running. I believe that the situation will still be better so we have to face this crisis bravely.

More power to your thoughts
We definitely need decentralised workforce to act and implement the mega projects all around the world. In fact all the governments themselves can make it happen by relaxing the use of bitcoin or whatever current they choose to do so over blockchain. They can have little taxes on it so that they also don’t get crippled financially.

Yes you are completely true about how inflation works. We did not even notice it during covid situation and somehow after 1-2 years of recovery we are now seeing it’s aftermath all around the world. This would have or could have been already stopped if we had decentralised system in place with full fledge infrastructure.

Yeah, the population might be part of the cause of inflation or poverty but it is not the total cause of the problem. China has a population of over 1.402 billion people as of 2020 but has one of the best economies in the world. The same thing could be also said about other highly populated countries that have super economies.

The population can be a blessing or a curse. It is a blessing because it could give military advantage and lead to cheap labor. It is a problem when the majority of the population is uneducated and unskilled in needed sectors. And I think that is the problem with the African population. Africa is blessed with diverse natural and a very youthful population but most of them are unproductive because of illiteracy and lack of infrastructure.

Europe and some industrialized nations would always need the population of some developing nations to fill the sectors that have labor shortages. The solution is not to reduce the world population but to educate them to be productive, promote wealth distribution and reduce conflict and war because the world has enough resources for everyone.

They will realize it because there are signs or effects of the inflation and one of it would be the price of the goods are rising or the purchasing power of the money is getting lesser. It can slowly kill people if they will allow this kind of system ruled out or if they will agree to be charged high.

In some countries, people are protesting to bring back the old rates or to increase the pay rate of the service that they do so that they can keep up with the inflations. It's only sad that it could lead to fights and people can get injured and worst killed. Those who got divorced, I think they have another problem and they only use the inflation as an excuse.

What the world needs and what the world really wants are two completely different things - because decentralized currency exists in the form of Bitcoin, but it is used in one way or another by less than 5% of the world's population. Furthermore, no country that wants to maintain its monetary sovereignty will ever give up its national currency in favor of something it cannot control.

The way the world works and how the financial system is integrated into it is something that has existed for a very long time, and it has proven to be effective for the ruling minority at the top of the pyramid, who thus have control over everyone else. Inflation is only part of that mechanism, and if you already mention the beast, then you should know that any beast can be defeated or outwitted, especially if similar beasts have appeared in the past and we have experience with them.

Inflation is a necessity. Inflation is rising because the human population is expanding. Manufacturing new babies has no cost just like printing new paper money. The resources on the other hand are limited. Food, shelter, water, social activities, education, healthcare… Not everybody can access those services because there is not enough resources to provide them to everyone at an affordable price. The solution, like it always was, increasing the money supply and make it a little more expensive for everybody.

The other solution is reducing the human population to a healthy level but I don’t think it will happen any time soon.

And how would that work? Governments wouldn't want to switch to switch to a currency that they can't control. And if an independent one like Bitcoin would start getting traction, they would shut down its use.

And what about volatility? When it is big, it's worse than inflation, because it ruins all short-term planning and makes it very hard to run a business. And any currency that isn't backed by a government or a similar powerful entity is bound to be volatile, because there's nothing to stabilize it.

Adoption is the key while looking for other source of income, that high inflation can’t be gone in just a year usually it takes more years before it stabilize into a more lower rate. You can’t survive on this if you continue to complain instead of working into something, some countries might continue to experience higher inflation by the end of the year, that can result to a more complicated situation and I just hope that many already prepared for this.

It does not have to be that way, when the gold standard was in place we saw one of the moments in history in which the economic growth was very high, and this was because business owners had a stable form of money in which they could rely on, then governments cheated the gold standard because of WWI and then they began the slow implementation of the fiat system, so while we need to do our best efforts to protect ourselves due to the system currently in place we must not forget that things were not always like this.

Inflation was not only caused by the amount of money printed every year. Inflation is also often caused by the low purchasing power of the people due to the high price of goods. Moreover, the government continues to supply basic commodities from abroad, resulting in low prices for local staples. This is often due to the government's inability to control the barons over national spending.

When it comes to inflation, I think it will continue to be linked with the government as the policy maker. Apart from that, corruption in a country can also lead to inflation. Because it does not match national income and national expenditure or in other words Gross Domestic Product.

If I have to say we are in the second phase right now where its a matter of concern for medium scale entrepreneurs?

The more it feels like we are still in the beginning of this recession and sooner it will be a depression. Is it really worth it to abruptly kill the industrialization with this green energy? because i think it started where governments are starting to scare people with climate change and then influencing countries not to use fossil fuel.

While inflation is a beast to some, to others inflation it has been a beauty. What I mean is as inflation is taking from many people, some people have found a way to align themselves to making profits even in the inflation. Personally I hope to be like these individuals because I think inflation will always be something that we will face.

Although everyone hate inflation, but most people doesn't want to find a way in order to beat inflation. Most people will put their money on bonds in order to earn few percent interest that expected to cover the inflation rate. But sometimes it doesn't work when the inflation rate are higher than the interest they got. Bitcoin already proving survive for around 13 years and the ROI are insanely high, this make Bitcoin hedging against inflation.

But most people or Average Joe without any technical or computer understanding wouldn't invest their money on Bitcoin.

We normally look to systemic solutions to curtail negative trends like drug addiction, poverty, political corruption and inflation.

But what we really need is to create and nurture a culture where society takes issues like inflation seriously, before it snowballs into a major issue.

As people we generally look to solutions that require the least amount of effort and risk on our part. We advocate for systemic solutions: libertarianism or socialism. Hoping that libertarians or socialists will do all the work, and assume all the risk. Or people advocate for representatives, politicians or government to do all the work and fix everything. So the people will not have to invest time or energy into fighting their own battles.

Systemic approaches are a counter intuitive approach, as the area where the greatest gains can be made is typically one of self improvement.

basically in an economic system, inflation is needed to be able to control people's purchasing power, make loans more attractive, and some other benefits.. but this will also be a problem if the government can't control their inflation because it will make the economy chaotic like what happened in Sri Lanka ... decentralized currency does not seem to be the solution for this, because indeed the issue of inflation is very complex and cannot be solved with this alone .. but I agree that a decentralized currency is needed, not to overcome inflation but for faster and anonymous transactions

I admire those countries that are able to keep up and at least maintain the inflation rate into their economies.

While I feel bad for those countries that can't stand still and have been hit hard by the inflation rates. There's nothing we can do about them, they have to adjust and adopt the current situation and they have to do something or else, it's like just survival everyday especially for the middle income earners down to the poorest of the poor.

A decentralized currency cannot solve issues like big budget deficits and enormous national debts, wars and natural resources being possessed and exported by countries with authoritarian regimes. The politicians will always want to control the monetary supply. They can't simply give up their control. The rich elites don't want the people to have independence and control over their own destiny.
High inflation is a problem for almost everyone in the world and it doesn't matter how you describe it.
In times of chaos and insecurity, most of the people actually want more centralization, rather than decentralization. This is sad but true.

Moreover, the opinion expressed by the OP is only half the problem. These are arguments that would apply very well for before 2022 but not with the rising energy prices we have, which will not be solved by simply printing less. If we want less inflation on the energy side, what we need to do is to produce more energy, i.e. increase supply, or reduce demand. That's all there is to it.

You have made a very insightful opinion on a complex issue.

But a decentralized currency won't solve the issue which caused the excessive printing.
The feds don't like printing money either, even they don't want to do it. But there was no other way. A new currency, however it works, won't change the fundamentals of demand & supply. A decentralized currency may even be worse in such scenarios. Since there won't be any way to control the money supply(or a central authority to do so), the problem will be much bigger than what we have right now.

And inflation isn't always bad. It's a part of growth.  It is a natural occurrence that happens when an economy is growing.

Is that it?

We have to do nothing? Just wait while they were f*cking with us? Im sure someone should be blame by this but we can't point fingers since they were too discreet to show themselves. It only proves that riches will become richer while poor people will be more poorer and this gives the idea of survival of the fittest if this is all about in the economy but how can you expect them to act when things like this going to happen?

Decentralized money seems not be to a good solution to beat inflation, it’s not just about printing money it is based on many economic factors. Inflation can’t be stop by any country, it can slowdown but eventually the cost of living will continue to spike. We have to deal with this, and the only way to beat inflation is to make good investment that can outsmart inflation rate, manage your cash wisely and avoid unnecessary expenses because right now, we might deal with the recession as well soon.

Inflation in each country has different levels, basically everything happens because of economic changes and the most important thing is government policies so that most of the small people become victims of a wrong policy, and now the application of a decentralized currency, will it further inhibit inflation, I don't think this is like that....? but the role will be better than FIAT
and most developing countries suppress inflation by increasing tax rates but I think this is also a bad thing

you are right inflation is a creeping beast.
I kills without making people realize that they are being destroyed
There is something happening everywhere and people are fighting to survive the inflation and then there is another problem - the couples are fighting like crazy and the divorce rate has increased to 100%

Every now and then we get new monetary policies and as money supply keeps growing too rapidly inflation sets in which inturn reduces the purchasing power of our various fiat currencies. This inflation don't just happen spontaneously it starts with a comfortable price hike everyone can cope up with and continually increase until it becomes noticeable.

It comes in stages the first face might only affect the poor and small scale entrepreneurs, the second phase might be a matter of concern for medium  scale entrepreneurs ,the third stage is when the large scale investors gets affected too and the final stage is when the producers start feeling the impact on the cost of raw material and reduction in production quality and patronage. Before this time there have been slight change in material cost but it might not be too obvious to stair national concern.

The world at this point needs a decentralised currency that can be monitored through a public ledger  that way excessive money printing will be curtailed and going by how challenging keeping up with the rapid inflation has become there is every tendency of having worst GDPs in coming years because if manufacturers and Producers fails to meet up the hight cost of production then they will in due cause turn to low standard products just to keep the demands and stay in production