To begin with, inflation is not a discrepancy. Inflation is an integral part of the current economic system. Echoing franky1, it's there by design. It's intentional. It's there on purpose. It isn't something that takes place because of incompetence or failure on the part of the government or because of something beyond the control of economic managers. That the prices of goods and services will continuously increase and that the purchasing power of money will continuously weaken-- albeit in a moderate and controlled manner-- are part and parcel of what is considered a great economic design.
Yes, that's how it is, I also know that information from several sources who say the same thing. However, we can only live with what is already in the system.
Topic: Inflation overpowers the value of money (Read 1001 times)
First they said that there's nothing to be afraid about, then they said that inflation is "transitory" - it will go away once "supply open", then they said that inflation is "good" because it represents demand, THEN finally they are saying that "INFLATION IS YOUR FAULT".
¯\_(ツ)_/¯
Do we control the money printer? Is it our fault that government spending is increasing?
Inflation has the ability to destroy buying power in the future. Because when the worth of products and services rises, the same amount of money can only buy so much.
And, in my opinion, when this happens, it will be impossible to provide basic demands such as housing programs and food. Furthermore, most people will struggle to save for retirement. Such a scenario is a severe issue for individuals that should not be overlooked. Because it could generate economic instability.
And, in my opinion, when this happens, it will be impossible to provide basic demands such as housing programs and food. Furthermore, most people will struggle to save for retirement. Such a scenario is a severe issue for individuals that should not be overlooked. Because it could generate economic instability.
Inflation, I agree, is a serious issue. It's not just a number that ticks up; it's a real pain for people, especially the poor. When prices go up, the cost of living skyrockets, and that's a problem. Goods and services aren't just commodities; they're necessities, and when they become more expensive, spending dros. It's basic economics. The poor, who are already struggling, find themselves in an even tighter spot. They can't afford the basics, and that's not just bad; it's unacceptable
If inflation occurs, it is not only poor people who will experience difficulties in meeting their living needs, those with middle class incomes will also have difficulty meeting their needs, because if inflation occurs of course the price of goods will be more expensive and people will have to rearrange their needs. in order to meet basic needs and also have to limit spending the money they have on things they don't really need.You summarized the situation very nicely. I agree with what you say, especially about increasing inequality. Increasing inflation also brings about a sharp increase in inequality between classes within the population. These classes are the rich, the middle class and the poor. The increase in the difference between these classes also disrupts the basic way of life of the society.
One of the most important things that the state should intervene in is to prevent the gap between these classes from widening. Societies have a certain way of life, and high inflation negatively affects this way of life.
With increasing inflation, there will of course be inequality in society because people with low incomes will find it more difficult to meet their basic needs because the price of basic needs will be more expensive when inflation occurs. Every society certainly has its own way of dealing with inflation, such as reducing their spending on things that they don't need it. One of the most important things that the state should intervene in is to prevent the gap between these classes from widening. Societies have a certain way of life, and high inflation negatively affects this way of life.
Lack of purchasing power which is caused by inflation is encouraging economic uncertainty, and this is because many nations has been found wanting in production capacity, instead they encourage importation of consumable goods from other countries, the country involved will therefore put up a policy, that will compel the consumer country to exchange there currency to the currency of the country, they are purchasing from, this will further weaken and stagnate there currency to trigger high inflation rate.
The causes of high inflation can be attributed to the following:
1. Excessive Government borrowing
2. Unwanted and unstable domestic policy
3. Unsatisfiable or lack of domestic production
1. Excessive Government borrowing: the government of many nations has seen borrowing as a norm, there accumulated debts requires generation to come, to service, this is common in African countries where the government borrow funds not for establishing an asset or building an institution that can generate generate revenue, for them to either service existing debts and build more infrastructures, they prefer borrowing funds for either embezzling it or using it for things that are not accounted for.
They do this without minding the consequences that may be accompanied with this act, at the end countries like this dips in high level of inflation and valueless currency.
2. Unwanted and unstable government policy: the government policy most times are unfriendly and it is repeatedly done, just for example allowing the importation of already existing good to there country, instead of boosting the production of such goods to meet it's citizens consumption.
3.lack of domestic production: government of many countries practically don't have anything to offer, the keep on wasting the little resources available to their reach, failing to encourage local production, the government should look into locally made goods, this will avail them the opportunity to do business with countries that are interested in the product and services, as the case may be, they should make it their priority to lure local investor, reach a compromise with them, allow them to produce at a minimal taxing rate, this will enhance the domestic needs of the country, No doubt we need each to survive but not in everything.
The causes of high inflation can be attributed to the following:
1. Excessive Government borrowing
2. Unwanted and unstable domestic policy
3. Unsatisfiable or lack of domestic production
1. Excessive Government borrowing: the government of many nations has seen borrowing as a norm, there accumulated debts requires generation to come, to service, this is common in African countries where the government borrow funds not for establishing an asset or building an institution that can generate generate revenue, for them to either service existing debts and build more infrastructures, they prefer borrowing funds for either embezzling it or using it for things that are not accounted for.
They do this without minding the consequences that may be accompanied with this act, at the end countries like this dips in high level of inflation and valueless currency.
2. Unwanted and unstable government policy: the government policy most times are unfriendly and it is repeatedly done, just for example allowing the importation of already existing good to there country, instead of boosting the production of such goods to meet it's citizens consumption.
3.lack of domestic production: government of many countries practically don't have anything to offer, the keep on wasting the little resources available to their reach, failing to encourage local production, the government should look into locally made goods, this will avail them the opportunity to do business with countries that are interested in the product and services, as the case may be, they should make it their priority to lure local investor, reach a compromise with them, allow them to produce at a minimal taxing rate, this will enhance the domestic needs of the country, No doubt we need each to survive but not in everything.
First of all, moderate inflation is not bad for our economy or ourselves. It stimulates economic growth and promotes capital formation.But high rates of inflation lead to a retarded standard of living as they reduce the real income of people. It's regressive; that is, it adversely affects poor people. It increases inequalities (it increases the profit margins of business entities while reducing the real income of the salaried class—the rich become richer and the poor become poorer), and it reduces capital formation.Moderate levels of inflation are acceptable, but high inflation definitely warrants action by the government immediately.
You summarized the situation very nicely. I agree with what you say, especially about increasing inequality. Increasing inflation also brings about a sharp increase in inequality between classes within the population. These classes are the rich, the middle class and the poor. The increase in the difference between these classes also disrupts the basic way of life of the society.
One of the most important things that the state should intervene in is to prevent the gap between these classes from widening. Societies have a certain way of life, and high inflation negatively affects this way of life.
As a citizen, you cannot moderate the inflation. This is the job entirely of our government through policies and laws that they're going to implement given the situation with businesses and sectors that are contributing hugely to the economy of a country. A high inflation is the result of incompetent government and there's no solution to it but to replace the government officials because it's obvious that they do nothing to stop or lessen it.
Usually with these results, they're just corrupt officials and just sucking the money of the people that are generated through the taxes. There's a huge inequality with this, the poor gets poorer and the rich takes advantage of it and becomes richer. This is the system that we used to live and it's hard to deal with it if you're going to stay into that system without any change that awaits you. So as an individual person trying to cope up and beat inflation, you'll have to do that much for your own favor. It's either leave the country or work your ass off more than the usual working hours together with other jobs or income sources.
Usually with these results, they're just corrupt officials and just sucking the money of the people that are generated through the taxes. There's a huge inequality with this, the poor gets poorer and the rich takes advantage of it and becomes richer. This is the system that we used to live and it's hard to deal with it if you're going to stay into that system without any change that awaits you. So as an individual person trying to cope up and beat inflation, you'll have to do that much for your own favor. It's either leave the country or work your ass off more than the usual working hours together with other jobs or income sources.
Inflation is not good as it makes the cost and standard of living even more expensive. Goods, services and commodities becomes so expensive and this makes spending to be minimal. Sometimes the poor ones who were just struggling to live through the economy now get into a more dreaded situation because they find it more difficult to afford daily petty needs and then they're just left there with still their minimal income and inability to survive comfortably.
For the salary earners, they keep securing their monthly pay that's dormant unless in situations of promotions at workplace but still have to live through with the same income even as the cost of their daily living gets high budgets will drop, financial goals and plans would be reconsidered because everyone is made to rethink on their spending just so they won't be stranded when rainy days come. A more stable economy, good leadership would help minimize the rate of inflation but if not, the surviving strategy for the country would be tough.
For salary earners, it's a similar story. They get their pay, sure, but it's worth less and less as inflation climbs. Budgets shrink, financial goals get pushed back, and spending has to be rethought. It's tough out there, and I see that. A stable economy and strong leadership are key to minimizing inflation. Without them, the survival strategy for a country is indeed tough. I've seen it in business; when costs go up, you have to adapt quickly or you'll be left behind. It's the same for a country. We need to be smart, we need to be tough, and we need to tackle inflation head-on
As a citizen, you cannot moderate the inflation. This is the job entirely of our government through policies and laws that they're going to implement given the situation with businesses and sectors that are contributing hugely to the economy of a country. A high inflation is the result of incompetent government and there's no solution to it but to replace the government officials because it's obvious that they do nothing to stop or lessen it.
Usually with these results, they're just corrupt officials and just sucking the money of the people that are generated through the taxes. There's a huge inequality with this, the poor gets poorer and the rich takes advantage of it and becomes richer. This is the system that we used to live and it's hard to deal with it if you're going to stay into that system without any change that awaits you. So as an individual person trying to cope up and beat inflation, you'll have to do that much for your own favor. It's either leave the country or work your ass off more than the usual working hours together with other jobs or income sources.
Usually with these results, they're just corrupt officials and just sucking the money of the people that are generated through the taxes. There's a huge inequality with this, the poor gets poorer and the rich takes advantage of it and becomes richer. This is the system that we used to live and it's hard to deal with it if you're going to stay into that system without any change that awaits you. So as an individual person trying to cope up and beat inflation, you'll have to do that much for your own favor. It's either leave the country or work your ass off more than the usual working hours together with other jobs or income sources.
Inflation is not good as it makes the cost and standard of living even more expensive. Goods, services and commodities becomes so expensive and this makes spending to be minimal. Sometimes the poor ones who were just struggling to live through the economy now get into a more dreaded situation because they find it more difficult to afford daily petty needs and then they're just left there with still their minimal income and inability to survive comfortably.
For the salary earners, they keep securing their monthly pay that's dormant unless in situations of promotions at workplace but still have to live through with the same income even as the cost of their daily living gets high budgets will drop, financial goals and plans would be reconsidered because everyone is made to rethink on their spending just so they won't be stranded when rainy days come. A more stable economy, good leadership would help minimize the rate of inflation but if not, the surviving strategy for the country would be tough.
First of all, moderate inflation is not bad for our economy or ourselves. It stimulates economic growth and promotes capital formation.But high rates of inflation lead to a retarded standard of living as they reduce the real income of people. It's regressive; that is, it adversely affects poor people. It increases inequalities (it increases the profit margins of business entities while reducing the real income of the salaried class—the rich become richer and the poor become poorer), and it reduces capital formation.Moderate levels of inflation are acceptable, but high inflation definitely warrants action by the government immediately.
As a citizen, you cannot moderate the inflation. This is the job entirely of our government through policies and laws that they're going to implement given the situation with businesses and sectors that are contributing hugely to the economy of a country. A high inflation is the result of incompetent government and there's no solution to it but to replace the government officials because it's obvious that they do nothing to stop or lessen it. Usually with these results, they're just corrupt officials and just sucking the money of the people that are generated through the taxes. There's a huge inequality with this, the poor gets poorer and the rich takes advantage of it and becomes richer. This is the system that we used to live and it's hard to deal with it if you're going to stay into that system without any change that awaits you. So as an individual person trying to cope up and beat inflation, you'll have to do that much for your own favor. It's either leave the country or work your ass off more than the usual working hours together with other jobs or income sources.
I think that's the whole motif around the modern economy. Just print as much money as you can so people at the bottom couldn't get to the top, and keep the value of those who are at the top at astronomical levels so they can't ever fall down.
It's so stupid to me that governments are also, by the way, obliged to help these corporations when they shoot themselves in the foot, especially banks, but when the common joe does it they either get institutionalized or marginalized from society that they don't ever have a chance at getting their status reinstated. And you'd think there's going to be a paradigm shift soon afoot thanks to bitcoin and crypto but no, the same corporations insinuating these ridiculous schemes are also penetrating the space as we speak. What a fucked up world we're living in.
It's so stupid to me that governments are also, by the way, obliged to help these corporations when they shoot themselves in the foot, especially banks, but when the common joe does it they either get institutionalized or marginalized from society that they don't ever have a chance at getting their status reinstated. And you'd think there's going to be a paradigm shift soon afoot thanks to bitcoin and crypto but no, the same corporations insinuating these ridiculous schemes are also penetrating the space as we speak. What a fucked up world we're living in.
Lack of purchasing power which is caused by inflation is encouraging economic uncertainty, and this is because many nations has been found wanting in production capacity, instead they encourage importation of consumable goods from other countries, the country involved will therefore put up a policy, that will compel the consumer country to exchange there currency to the currency of the country, they are purchasing from, this will further weaken and stagnate there currency to trigger high inflation rate.
The causes of high inflation can be attributed to the following:
1. Excessive Government borrowing
2. Unwanted and unstable domestic policy
3. Unsatisfiable or lack of domestic production
1. Excessive Government borrowing: the government of many nations has seen borrowing as a norm, there accumulated debts requires generation to come, to service, this is common in African countries where the government borrow funds not for establishing an asset or building an institution that can generate generate revenue, for them to either service existing debts and build more infrastructures, they prefer borrowing funds for either embezzling it or using it for things that are not accounted for.
They do this without minding the consequences that may be accompanied with this act, at the end countries like this dips in high level of inflation and valueless currency.
2. Unwanted and unstable government policy: the government policy most times are unfriendly and it is repeatedly done, just for example allowing the importation of already existing good to there country, instead of boosting the production of such goods to meet it's citizens consumption.
3.lack of domestic production: government of many countries practically don't have anything to offer, the keep on wasting the little resources available to their reach, failing to encourage local production, the government should look into locally made goods, this will avail them the opportunity to do business with countries that are interested in the product and services, as the case may be, they should make it their priority to lure local investor, reach a compromise with them, allow them to produce at a minimal taxing rate, this will enhance the domestic needs of the country, No doubt we need each to survive but not in everything.
The causes of high inflation can be attributed to the following:
1. Excessive Government borrowing
2. Unwanted and unstable domestic policy
3. Unsatisfiable or lack of domestic production
1. Excessive Government borrowing: the government of many nations has seen borrowing as a norm, there accumulated debts requires generation to come, to service, this is common in African countries where the government borrow funds not for establishing an asset or building an institution that can generate generate revenue, for them to either service existing debts and build more infrastructures, they prefer borrowing funds for either embezzling it or using it for things that are not accounted for.
They do this without minding the consequences that may be accompanied with this act, at the end countries like this dips in high level of inflation and valueless currency.
2. Unwanted and unstable government policy: the government policy most times are unfriendly and it is repeatedly done, just for example allowing the importation of already existing good to there country, instead of boosting the production of such goods to meet it's citizens consumption.
3.lack of domestic production: government of many countries practically don't have anything to offer, the keep on wasting the little resources available to their reach, failing to encourage local production, the government should look into locally made goods, this will avail them the opportunity to do business with countries that are interested in the product and services, as the case may be, they should make it their priority to lure local investor, reach a compromise with them, allow them to produce at a minimal taxing rate, this will enhance the domestic needs of the country, No doubt we need each to survive but not in everything.
First of all, moderate inflation is not bad for our economy or ourselves. It stimulates economic growth and promotes capital formation.But high rates of inflation lead to a retarded standard of living as they reduce the real income of people. It's regressive; that is, it adversely affects poor people. It increases inequalities (it increases the profit margins of business entities while reducing the real income of the salaried class—the rich become richer and the poor become poorer), and it reduces capital formation.Moderate levels of inflation are acceptable, but high inflation definitely warrants action by the government immediately.
The government of the can control inflation to some extent if they want it. And to add it up, another thing that caused inflation is taxation from the external borrowing. When they borrow from outside countries, and could not pay back the debt, they would tax the manufacturering companies and the manufacturing Companies on their parts increase the prices to meet up the tax that has been collected.
IMO, this is makes sense, but once again, it's not the manufacturing companies that suffer... it's the people acting as consumers. this means that inflation is pretty much guaranteed to happen with fiat currency because I see a whole bunch of factors causing its value to drop as it gets older. the longer fiat currency exists, the cheaper and less valuable it becomes compared to the everyday things we buy.The wage increase in my country doesn't keep up with the prices set by stores or vegetable sellers in the market. This makes it incredibly tough to reduce poverty, especially because lower and middle-class folks tend to be the end consumers.
And this is a problem that will never go away, where the culture of investment is rarely seen among the poor. Their lack of knowledge prevents them from keeping up with technological advancements and taking advantage of great opportunities that could actually lift them out of poverty.
Inflation is a natural process that gives growth to the economy, if it's controllable rates. Of course, the central bank and government will monitor this every time to make sure it's up to the limit. In every country, there is a certain inflation range that is limited, and the officials try to keep it within that range. Otherwise, it will cause hyperinflation or deflation. Sudden and unpredictable inflation rates are harmful to the overall economy. That leads to market instability, which makes it difficult for companies to plan a budget for the long term. Moderate inflation enables labor markets to reach equilibrium at a faster pace.
Inflation is much more higher in Africa than any other parts in the world. This importation of products or goods is not the will of the consuming countries but it a force to them. Every country in the world like to produce things on their own even though the materials to produce the things are not available as a country they can buy them from outside and use them to produce what they want. But the evil force from outside would not allow it to happen. And another thing again inflation is within and just like a foreign policy what the country says will be obeyed by the citizens. Inflation is human control.
The government of the can control inflation to some extent if they want it. And to add it up, another thing that caused inflation is taxation from the external borrowing. When they borrow from outside countries, and could not pay back the debt, they would tax the manufacturering companies and the manufacturing Companies on their parts increase the prices to meet up the tax that has been collected.
The government of the can control inflation to some extent if they want it. And to add it up, another thing that caused inflation is taxation from the external borrowing. When they borrow from outside countries, and could not pay back the debt, they would tax the manufacturering companies and the manufacturing Companies on their parts increase the prices to meet up the tax that has been collected.
...
...Each country has its own way of dealing with inflation in the country, individually I think it is also necessary to update several investment opportunities to secure the money you have.
In the case of some societies, inflation can be a tool to manage their own economy.
Some years ago, when I started to read about the inflation rates by country I realized there are countries that have managed to reach a 0% or even a negative percentage or year inflation. Which was kind of impressive to see.
Though, I continued to wonder why the United States kept a policy of a 2% year inflation and it was not up to this year I realized they do that so the people will lean towards spending their money instead saving it all, it is a tactic to keep consumerism high, and if one is a person who knows the basics of economics, then it is obvious how critical the role of consumerism is within the American society, to the point that a negative inflation could slow it down.
It sounds rather than a problem than a solution, at least in my opinion a 0% through time would be ideal, though that would negatively affect the rates of banks and also the interest rates.
Inflation is indeed a frightening specter for the country's economy in general and the household economy in particular because inflation can have a large impact on currency exchange rates. If the inflation rate is higher then the national currency exchange rate can decrease so that people's purchasing power increases. while the supply of goods is decreasing/limited, this is caused by a decrease in the value of production in each industry, of course, this is caused by an increase in production raw materials from that industry,
if there is inflation then there are several strategies that must be carried out in the household so that the money we have does not become a minus later, among them are
- invest
- set balance fee
- looking for additional income
1. Investing is one way to do it keep the value of the money we have whether it is to buy precious metals, as well as property and land, because of this item have a higher resale value one day, later,
2. Of course by saving we can stabilize
family needs, namely by not buying something that is not really important or needed at the moment at that time, and even when buying we have to look for a lower price.
3. Looking for a side job is one way to be able to increase income, of course, salary or previous income can be saved for unexpected needs.
Likewise, if a country is experiencing inflation, the government must carry out the following strategies:
- Increase production and market efficiency
- control market manipulation and speculation
- arrange wage increases
1. By increasing production and market efficiency government has helped reduce inflationary pressures, Increased investment, technological innovation, and productivity improvements can help meet market demand well without causing significant price increase.
2. The government must carry out strict supervision against speculative practices and market manipulation may cause unreasonable price fluctuations market, proper supervision and regulation can preventing speculative actions that could fuel even worse inflation.
3. Governments can cooperate with unions and employers to determine wage policies that are reasonable and in line with economic productivity, because unreasonable wage increases can lead to greater inflationary pressures,
May be beneficial to us all...
if there is inflation then there are several strategies that must be carried out in the household so that the money we have does not become a minus later, among them are
- invest
- set balance fee
- looking for additional income
1. Investing is one way to do it keep the value of the money we have whether it is to buy precious metals, as well as property and land, because of this item have a higher resale value one day, later,
2. Of course by saving we can stabilize
family needs, namely by not buying something that is not really important or needed at the moment at that time, and even when buying we have to look for a lower price.
3. Looking for a side job is one way to be able to increase income, of course, salary or previous income can be saved for unexpected needs.
Likewise, if a country is experiencing inflation, the government must carry out the following strategies:
- Increase production and market efficiency
- control market manipulation and speculation
- arrange wage increases
1. By increasing production and market efficiency government has helped reduce inflationary pressures, Increased investment, technological innovation, and productivity improvements can help meet market demand well without causing significant price increase.
2. The government must carry out strict supervision against speculative practices and market manipulation may cause unreasonable price fluctuations market, proper supervision and regulation can preventing speculative actions that could fuel even worse inflation.
3. Governments can cooperate with unions and employers to determine wage policies that are reasonable and in line with economic productivity, because unreasonable wage increases can lead to greater inflationary pressures,
May be beneficial to us all...
it can't be avoided, we can only really know how to prevent it from happening to us. usually here I think we should start investing in long-term assets like gold. This is very important if you really have enough assets. paper money will not last long at the same price, it always experiences inflation. buy enough stuff then save more for gold, it will definitely help when massive inflation occurs.
True, Gold is still the safest commodity to maintain the value of money in the long term. Inflation is not a new thing and every country must experience this, so it is necessary to learn from experience to keep the value of money that is owned is not lost. One way is to invest in gold, property or bank deposits.Each country has its own way of dealing with inflation in the country, individually I think it is also necessary to update several investment opportunities to secure the money you have.
Investment should never be one-sided. We should know how to invest in many areas and diversify our investments according to the current situation. Gold has always been a preferred investment tool. There are many options to choose from when choosing your investment.
We are in the place where Bitcoin is talked about the most. While diversifying your investments, you should include Bitcoin among these investments. Just as gold is an investment tool that protects the value of your money in the long run, so is Bitcoin.
When we want to find an asset to stabilize our asset value, gold is the choice. But if we want our money to increase more to combat future inflation, then bitcoin will be the more perfect choice.
In my opinion, gold used to be a potential investment but look at gold today, it has become quite stable and the value is not increasing much so it is only suitable as a store of value. Meanwhile, bitcoin is known as a new asset class and the potential to increase in value is still huge, so if we are looking to increase the value of our assets, we should not ignore bitcoin.
it can't be avoided, we can only really know how to prevent it from happening to us. usually here I think we should start investing in long-term assets like gold. This is very important if you really have enough assets. paper money will not last long at the same price, it always experiences inflation. buy enough stuff then save more for gold, it will definitely help when massive inflation occurs.
True, Gold is still the safest commodity to maintain the value of money in the long term. Inflation is not a new thing and every country must experience this, so it is necessary to learn from experience to keep the value of money that is owned is not lost. One way is to invest in gold, property or bank deposits.Each country has its own way of dealing with inflation in the country, individually I think it is also necessary to update several investment opportunities to secure the money you have.
Investment should never be one-sided. We should know how to invest in many areas and diversify our investments according to the current situation. Gold has always been a preferred investment tool. There are many options to choose from when choosing your investment.
We are in the place where Bitcoin is talked about the most. While diversifying your investments, you should include Bitcoin among these investments. Just as gold is an investment tool that protects the value of your money in the long run, so is Bitcoin.
I cannot agree more with you. There is no point in for hoping any change if we do not act. If we are just going to sit in a corner and blame whatever it is to blame for the inflation we are all experiencing then we are all just gonna be stuck here far longer than necessary. Find ways to battle the increasing price of the market, meaning find more sources of income and try to plan every expense. We cannot expect to find any changes if we do not change our own ways and actions.
The key to change in life is acting to do work that can bring income. That is, complaining and blaming anything will not give us or anyone else anything, because in the end everyone has to work for himself according to the skills he already has. So in general we are all required to work in life to succeed ourselves under any circumstances so that additional work that can provide income is always more suitable to be done even though we are not in a condition of inflation, especially if we are in a condition of inflation.Maybe this is his way of dealing with inflation.
1. In general, what is capable of tackling inflation is government policy.
2. Give room for anything that is considered easy for government decisions.
3. Respond to the symptoms of inflation by leaving the consumptive lifestyle.
4. Try to find additional work or additional money.
5. Don't forget to invest, but it's better to invest in bitcoin, because this is the best way to deal with inflation.
it can't be avoided, we can only really know how to prevent it from happening to us. usually here I think we should start investing in long-term assets like gold. This is very important if you really have enough assets. paper money will not last long at the same price, it always experiences inflation. buy enough stuff then save more for gold, it will definitely help when massive inflation occurs.
True, Gold is still the safest commodity to maintain the value of money in the long term. Inflation is not a new thing and every country must experience this, so it is necessary to learn from experience to keep the value of money that is owned is not lost. One way is to invest in gold, property or bank deposits.Each country has its own way of dealing with inflation in the country, individually I think it is also necessary to update several investment opportunities to secure the money you have.
it can't be avoided, we can only really know how to prevent it from happening to us. usually here I think we should start investing in long-term assets like gold. This is very important if you really have enough assets. paper money will not last long at the same price, it always experiences inflation. buy enough stuff then save more for gold, it will definitely help when massive inflation occurs.
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