The only reason why we have inflation, is because they keep printing money ... and there's no one to stop these damn politicians & bankers ...
It's pure theft.
The European Central Bank on Thursday reported a record annual loss for 2023 and said further losses were likely as its aggressive interest rate hikes force it to pay out billions of euros to banks.
...
The ECB, the central bank for the 20-nation euro area said its loss before the release of provisions was 7.9 billion euros after a loss of 1.6 billion euros in 2022.
Inflation is a word used to describe the successive increase in the prices of goods and services, but saying that printing money is the cause of inflation is wrong, as the market needs printing money and controlled inflation to grow. Most economies indicate that inflation of 1% to 2% is good for the economy, but excessive inflation that The problem is not controlled by the central bank, as the prices of goods and services continue to increase, which affects the economy and has reasons:
Random printing of money.
Wrong policies of the central bank.
Corruption, government laxity, and spending on projects that are not economically feasible.
Inflation due to fuel prices or supply chains.
If the government does not print money, inflation may occur due to the reasons above.
Inflation is a word used to describe the successive increase in the prices of goods and services, but saying that printing money is the cause of inflation is wrong, as the market needs printing money and controlled inflation to grow. Most economies indicate that inflation of 1% to 2% is good for the economy, but excessive inflation that The problem is not controlled by the central bank, as the prices of goods and services continue to increase, which affects the economy and has reasons:I agree with most of your opinion!
Random printing of money.
Wrong policies of the central bank.
Corruption, government laxity, and spending on projects that are not economically feasible.
Inflation due to fuel prices or supply chains.
If the government does not print money, inflation may occur due to the reasons above.
isn't the money printing what devalues the existing money on the market
These last few years money printing have gone brrrr ... so did inflation.
~snip~
This way I can be a banker too.
...
The only reason why we have inflation, is because they keep printing money ... and there's no one to stop these damn politicians & bankers ...now the question is all these money they are printing everytime where are they using them? Because if they are using them in the country effectively, I don't think inflation and cost of living would be high to this level. Many politicians are compiling those money in their houses and some of them use them to develop the already developed countries by building schools, hospitals and other institutions in those countries and forgetting their own country to be decayed.
It's pure theft.
Inflation is a word used to describe the successive increase in the prices of goods and services, but saying that printing money is the cause of inflation is wrongAnd who told you that inflation is good in any way? Experts again? ;D
The only reason why we have inflation, is because they keep printing money ... and there's no one to stop these damn politicians & bankers ...It's pure theft.
The only reason why we have inflation, is because they keep printing money ... and there's no one to stop these damn politicians & bankers ...
It's pure theft.
The only reason why we have inflation, is because they keep printing money ... and there's no one to stop these damn politicians & bankers ...
It's pure theft.
The only reason why we have inflation, is because they keep printing money ... and there's no one to stop these damn politicians & bankers ...
It's pure theft.
Inflation is terrible and thank your politicians IMO. Anything the government is involved in is controlled by liars and cheats.Exactly. That is what the new norm look like nowadays and yet people don't realize that and still keep on supporting these liars. I do hope that one day ordinary people will find ways to fight and survive inflation and not embrace and suffer.
Times have changed, today we don't have conquests and we don't have a large military force, but to develop our civilizations we need people to work, unless we are colonialists, and guess what, is there enough gold today for every worker as there was yesterday?
Times have changed, today we don't have conquests and we don't have a large military force, but to develop our civilizations we need people to work, unless we are colonialists, and guess what, is there enough gold today for every worker as there was yesterday?
Of course
There is always enough gold
...
The only reason why we have inflation, is because they keep printing money ... and there's no one to stop these damn politicians & bankers ...Only when corruption runs rampant in a monopolistic country and foreign debt continues to soar does money printing continue. The more currency is printed in the country, the more inflation will increase. Moreover, various political ancillary factors are responsible for the increase in inflation in different countries. If heinous crimes like money laundering are organized in the political circles and foreign money is smuggled, then only the rate of inflation increases and the country as a whole moves to such a position that it is not possible to control inflation despite hundreds of efforts.
It's pure theft.
Times have changed, today we don't have conquests and we don't have a large military force, but to develop our civilizations we need people to work, unless we are colonialists, and guess what, is there enough gold today for every worker as there was yesterday?
Of course
There is always enough gold
...
There's not enough gold. The supply of gold is limited. The world population is growing.
Let's imagine that this year you are getting a monthly salary of 1000 dollars, next year you will get a raise according to inflation and your salary will be 1200 dollars. In a gold-indexed system, this year you will receive 13 grams of gold as a monthly salary, but next year the world population will increase, inflation will occur due to demand, and you will receive 11 grams of gold as a monthly salary.Times have changed, today we don't have conquests and we don't have a large military force, but to develop our civilizations we need people to work, unless we are colonialists, and guess what, is there enough gold today for every worker as there was yesterday?
Of course
There is always enough gold
Your salary will decrease, not increase.
If there is not enough gold --> demand > supply --> gold's value increase.
More workers you say.
No problem, each one receives less gold than his father, but more valuable, so no difference.
Also, aggregate welfare is not a constant. Aggregate welfare is a variable. We increase welfare by creating value. By creating value we somehow create inflation.
...
I find it weird that someone is making the point that bitcoin can’t become a world currency, this is a community of crypto people, and nobody says anything
...
11 grams of gold can have a bigger purchasing power than 13 grams of gold
You focus on quantity
You should focus on value
...
According to Karl Marx the only solution to this problem is "REVELATION". And military government is part of the revolution.
The only reason why we have inflation, is because they keep printing money ... and there's no one to stop these damn politicians & bankers ...Actually, they are several factors that can generate inflation in a society, and they are decrease in productivity, increasing in raw material prices an increase in taxes etc. And when this factors listed and more are not taking into consideration in a society, inflation is inevitable in that society.
It's pure theft.
The only reason why we have inflation, is because they keep printing money ... and there's no one to stop these damn politicians & bankers ...You're to say that, the governments and it's associates are unquestionable and they operates beyond the lawsuit of civil rights all just for self interest.
It's pure theft.
Inflation has always seemed to me to be a good way to take as much money as possible from people that they have saved for years, and when the prices of goods and services go up sharply and wages remain the same, people have to use their savings in order to survive. In this way, ordinary people become poorer and even more dependent on the system, and such people are always easier to control than those who are financially independent.
"Printing money is necessary in order to stimulate the economy"
(https://pbs.twimg.com/media/GIuANXwXIAAmjBv?format=jpg&name=medium)
:D
J. Milei, Argentina's President, libertarian
The only reason why we have inflation, is because they keep printing money ... and there's no one to stop these damn politicians & bankers ...
It's pure theft.
The only reason why we have inflation, is because they keep printing money ... and there's no one to stop these damn politicians & bankers ...We consider inflation rate according to my country native currency with dollars ..
It's pure theft.
We consider inflation rate according to my country native currency with dollars ..
2018, BDT 75@1$
2020, BDT95@1$
2024, BDT,124@1$
The inflation rate is constantly increasing in my country, the main reason is that the government is always secretly and secretly printing money to pay the foreign debt, as a result, the amount of money in the country has increased due to money printing, but the inflation is constantly increasing due to the foreign policy not matching the quality of the country's economy. .
The only reason why we have inflation, is because they keep printing money ... and there's no one to stop these damn politicians & bankers ...We consider inflation rate according to my country native currency with dollars ..
It's pure theft.
2018, BDT 75@1$
2020, BDT95@1$
2024, BDT,124@1$
The inflation rate is constantly increasing in my country, the main reason is that the government is always secretly and secretly printing money to pay the foreign debt, as a result, the amount of money in the country has increased due to money printing, but the inflation is constantly increasing due to the foreign policy not matching the quality of the country's economy. .
Inflation is a word used to describe the successive increase in the prices of goods and services, but saying that printing money is the cause of inflation is wrong, as the market needs printing money and controlled inflation to grow. Most economies indicate that inflation of 1% to 2% is good for the economy, but excessive inflation that The problem is not controlled by the central bank, as the prices of goods and services continue to increase, which affects the economy and has reasons:
Random printing of money.
Wrong policies of the central bank.
Corruption, government laxity, and spending on projects that are not economically feasible.
Inflation due to fuel prices or supply chains.
If the government does not print money, inflation may occur due to the reasons above.
isn't the money printing what devalues the existing money on the market
These last few years money printing have gone brrrr ... so did inflation.
"Printing money is necessary in order to stimulate the economy"
(https://pbs.twimg.com/media/GIuANXwXIAAmjBv?format=jpg&name=medium)
:D
J. Milei, Argentina's President, libertarian
I would put it a little differently :) Forced additional issuance not only helps solve some problems in government funding, but also stimulates the economy to act. However, it also partially stimulates people to find a better use for their money than keeping it "under the mattress", which also leads to the transfer of this money into the economy and promotes consumption of goods and services.
"Printing money is necessary in order to stimulate the economy"
(https://pbs.twimg.com/media/GIuANXwXIAAmjBv?format=jpg&name=medium)
:D
J. Milei, Argentina's President, libertarian
I would put it a little differently :) Forced additional issuance not only helps solve some problems in government funding, but also stimulates the economy to act. However, it also partially stimulates people to find a better use for their money than keeping it "under the mattress", which also leads to the transfer of this money into the economy and promotes consumption of goods and services.
I'm a libertarian
I love freedom
I think people shouldn't be "stimulated" to take their savings out from under the mattress and invest them otherwise those savings get destroyed through inflation.
Investing means risk.
I don't like seeing people - ordinary people. Financially unsophisticated people. Pensioners. Poor people. People who have no idea how to invest - I don't like seeing these people being forced to take risks in order to protect their savings from inflation.
I think people should do whatever they want with their money, without being pressured, without being "stimulated",
and I think monetary authorities should stop devaluing people's money.
When the economy is constantly changing there must be an inflation. When prices tends to rise there must be an inflation, there are different factors that must leads to inflation such as increase in the money supply, high cost of production etc.. thus the federal reserve is working to bring it down.
The only reason why we have inflation, is because they keep printing money ... and there's no one to stop these damn politicians & bankers ...Well, this is a factor in many countries experiencing inflation and even hyper inflation. Examples include Zimbabwe and Venezuela. And printing too much money will only create an unlimited supply of money on the market which will lead to a drastic decline in the value of a currency. In my country, hyper inflation has occurred in the past. But not because of printing too much money, but at that time it was caused by the uncontrolled circulation of 3 types of currency at once on the market. Luckily everything can be resolved and get better again.
It's pure theft.
I invest in fixed supply investment instruments, I invest in Bitcoin and altcoins and I buy gold, but the history of the world has made progress with monetary expansion policies.
When I hear people talking about "progress with monetary expansion policies"... I wish they could - for a moment - lose their privileges and share the same condition of those billions of people who struggle protecting themselves from inflation...
Only real reason for inflation is for rich people to get richer and poor people to get more poor.Well, if we explain it more deeply then everything is inseparable from a game played by rich people. And actually we are also part of the game. And we have to try to survive the challenges in this game, one of which is called inflation. If we want to be able to avoid inflation then we have to be smart people. And you must really understand the current financial and political system. And the concern at this time is that many people don't even understand the financial system they are currently using.
Anyone who is trying to justify inflation is not thinking with his head but he only repeats what someone else told him.
Inflation is a scam, same as taxes that are not voluntary.
Only real reason for inflation is for rich people to get richer and poor people to get more poor.
Anyone who is trying to justify inflation is not thinking with his head but he only repeats what someone else told him.
Inflation is a scam, same as taxes that are not voluntary.
Not many people understand economics like this, those who work in factories only as laborers don't really care about inflation, what is clear is that they have to keep working to keep earning money, so far it is very difficult to get a job that provides a steady income and this is one of the effects of inflation.Only real reason for inflation is for rich people to get richer and poor people to get more poor.Well, if we explain it more deeply then everything is inseparable from a game played by rich people. And actually we are also part of the game. And we have to try to survive the challenges in this game, one of which is called inflation. If we want to be able to avoid inflation then we have to be smart people. And you must really understand the current financial and political system. And the concern at this time is that many people don't even understand the financial system they are currently using.
Anyone who is trying to justify inflation is not thinking with his head but he only repeats what someone else told him.
Inflation is a scam, same as taxes that are not voluntary.
Money has 3 tasks:
1) means of exchange
2) store of value
3) unit of account
Unit of account
The problem with inflation is that a depreciating currency makes difficult to measure & compare the value of items over time
This is the drama of inflation: People become poor without seeing it.
People see they have more money - their salaries have increased - and are convinced their wealth has increased.
....
The only reason why we have inflation, is because they keep printing money ... and there's no one to stop these damn politicians & bankers ...Don't be much affected Admin because politics is a legal term for Corruption meaning politicians are there to
It's pure theft.
It's easy for them because they always have devaluation as a way out of problems.In the third world Nations or Countries, the devaluation in some time is a negotiation among governments. World Bank and IMF are also in the game. They promised to develop your country when you devalue your currency but all are lies. Africans countries have devalued their economics for many times yet the continent is worst in development in all ramifications. And right now in my country, why the inflation is high, because I the 2023 general Election in the country, the then government printed plenty new designed note and also the Boko Haram and Fulani Herdsmen are killing the farmers who suppose produce local production to reduce inflation are killed. The government is the problem for the inflation. If they can even provide a conducive environment for the farmers, I think inflation will reduce.
It's easy for them because they always have devaluation as a way out of problems.In the third world Nations or Countries, the devaluation in some time is a negotiation among governments. World Bank and IMF are also in the game. They promised to develop your country when you devalue your currency but all are lies. Africans countries have devalued their economics for many times yet the continent is worst in development in all ramifications. And right now in my country, why the inflation is high, because I the 2023 general Election in the country, the then government printed plenty new designed note and also the Boko Haram and Fulani Herdsmen are killing the farmers who suppose produce local production to reduce inflation are killed. The government is the problem for the inflation. If they can even provide a conducive environment for the farmers, I think inflation will reduce.
Let's understand the reasons, the real reasons ?I agree with you on all the factors you listed except the first one. I have seen a project and heard of a project World Bank imposed on the third World Nations to collect loans. And the loans were unwillingly cause collected and the projects were executed and the programs runs for some years and collapsed because it was not planned by the government of the land but from the monetary institutions for their own benefits and not for the citizens benefits. We ask ourselves why any of the technological innovations were produced from African countries, is it that we don't have talented scholars? Let me not deviate too much.
1. The countries you mentioned (as well as others) go to the IMF to meaningfully take a CREDIT. Right ? No one is forcing them ? Right ?
2. To get loans, it is necessary to show for what purposes and on what conditions the funds will be repaid. It is not the population that takes the money, but the government.
3. The money goes into settlement accounts, which are managed by the GOVERNMENT. Where this money goes afterwards is a question for the government, which has to deal with it. Since these loans are eventually paid back by the POPULATION, the government takes out another CREDIT to pay off the previous and future embezzlement in order to put another debt on the population.
4. But the economy does not forgive this, and in the end, the rulers, having taken the credit money without creating anything useful for the economy, are forced to run the "printing press". Or just print money all the time just to give it to people, trying to show "care" and "skillful rule.".... Think of it this way
Let's understand the reasons, the real reasons ?I agree with you on all the factors you listed except the first one. I have seen a project and heard of a project World Bank imposed on the third World Nations to collect loans. And the loans were unwillingly cause collected and the projects were executed and the programs runs for some years and collapsed because it was not planned by the government of the land but from the monetary institutions for their own benefits and not for the citizens benefits. We ask ourselves why any of the technological innovations were produced from African countries, is it that we don't have talented scholars? Let me not deviate too much.
1. The countries you mentioned (as well as others) go to the IMF to meaningfully take a CREDIT. Right ? No one is forcing them ? Right ?
2. To get loans, it is necessary to show for what purposes and on what conditions the funds will be repaid. It is not the population that takes the money, but the government.
3. The money goes into settlement accounts, which are managed by the GOVERNMENT. Where this money goes afterwards is a question for the government, which has to deal with it. Since these loans are eventually paid back by the POPULATION, the government takes out another CREDIT to pay off the previous and future embezzlement in order to put another debt on the population.
4. But the economy does not forgive this, and in the end, the rulers, having taken the credit money without creating anything useful for the economy, are forced to run the "printing press". Or just print money all the time just to give it to people, trying to show "care" and "skillful rule.".... Think of it this way
Inflation in most time in African countries are caused by the advance or developed countries for their benefits. They advised the third world Nations government wrongly and benefits from it. Though excess printing of money also part of it and the greediness of the government and leaders are part of the inflation but let the Umbilical Cord should be cut off and let's see how things can workout for the continent. Have you heard or read (Walter Rodney, ‘How Europe Underdeveloped Africa’)? If not you can browse it and read more.
The only reason why we have inflation, is because they keep printing money ... and there's no one to stop these damn politicians & bankers ...Yes, I agree printing money is one of the factors of inflation because it makes the production of goods and services costs high. Also, the demand for goods and services exceeds the supply which is caused by the printing of money where the supply is low and the demand is high so they will increase the cost of their products and services.
It's pure theft.
Only real reason for inflation is for rich people to get richer and poor people to get more poor.
Anyone who is trying to justify inflation is not thinking with his head but he only repeats what someone else told him.
So let me get this right, how does inflation keep on working if rich people get richer and poor people get poorer?Are you blind or what?
And you know that because....somebody told you, right? :DNo.
Inflation is caused not only by money printing but also by external debt and excessive government borrowing from domestic banks. If a country's government's ability to generate diversified income shrinks, they starts printing money, which increases inflation. Also foreign trade imbalance, global recession, above all lack of visionary monetary policy of the government can lead to inflation.The only reason why we have inflation, is because they keep printing money ... and there's no one to stop these damn politicians & bankers ...Yes, I agree printing money is one of the factors of inflation because it makes the production of goods and services costs high. Also, the demand for goods and services exceeds the supply which is caused by the printing of money where the supply is low and the demand is high so they will increase the cost of their products and services.
It's pure theft.
. All the debt and borrowing is due to demand endlessly growing.Inflation is caused not only by money printing but also by external debt and excessive government borrowing from domestic banks. If a country's government's ability to generate diversified income shrinks, they starts printing money, which increases inflation. Also foreign trade imbalance, global recession, above all lack of visionary monetary policy of the government can lead to inflation.The only reason why we have inflation, is because they keep printing money ... and there's no one to stop these damn politicians & bankers ...Yes, I agree printing money is one of the factors of inflation because it makes the production of goods and services costs high. Also, the demand for goods and services exceeds the supply which is caused by the printing of money where the supply is low and the demand is high so they will increase the cost of their products and services.
It's pure theft.
Inflation has always seemed to me to be a good way to take as much money as possible from people that they have saved for years, and when the prices of goods and services go up sharply and wages remain the same, people have to use their savings in order to survive. In this way, ordinary people become poorer and even more dependent on the system, and such people are always easier to control than those who are financially independent.I applaud this point that you made, the increase in good and services that is taking place day by day (inflection) some people are feeling good about it most especially the traders. Because traders might benefit from this trend, it's essential to acknowledge the harsh reality. Inflation is not solely caused by the government or the wealthy alone, it's a complex issue with multiple factors at play.
Let face the fact on the table printing of money has little effect on inflation because inflation is basically based caused by cost of production of the goods and services when the cost price of a material is high it's natural that the purchasing price of the material will be high inflation can be reduced by right government policies, one of the ways that inflation can be reduced is through mass production of goods so that the goods can be surplus so that the price of these good's can be reducedThe only reason why we have inflation, is because they keep printing money ... and there's no one to stop these damn politicians & bankers ...Yes, I agree printing money is one of the factors of inflation because it makes the production of goods and services costs high. Also, the demand for goods and services exceeds the supply which is caused by the printing of money where the supply is low and the demand is high so they will increase the cost of their products and services.
It's pure theft.
Inflation question:I think one of the major reasons is the financial system. Back when inflation wasn't a problem most part of the world made use of gold and silver for their transactions and that kept the financial system in place since money wasn't easy to create. However the whole system got too greedy and trashed the concept of making use of rare items like gold for money and adopted paper also known as notes.
What do you think is the more effective method of curbing real inflation:
- price increases
- tax increase
- triggering deflationary processes
- your answer ?
Inflation question:I think one of the major reasons is the financial system. Back when inflation wasn't a problem most part of the world made use of gold and silver for their transactions and that kept the financial system in place since money wasn't easy to create. However the whole system got too greedy and trashed the concept of making use of rare items like gold for money and adopted paper also known as notes.
What do you think is the more effective method of curbing real inflation:
- price increases
- tax increase
- triggering deflationary processes
- your answer ?
Before this whole twist paper was used as a means of exchange back then too but it was more like a coupon to redeem a particular amount of gold or silver which was money. Now printing money is easier and over circulation is becoming a bigger issue.
I think one of the major reasons is the financial system. Back when inflation wasn't a problem most part of the world made use of gold and silver for their transactions and that kept the financial system in place since money wasn't easy to create. However the whole system got too greedy and trashed the concept of making use of rare items like gold for money and adopted paper also known as notes.
Let face the fact on the table printing of money has little effect on inflation because inflation is basically based caused by cost of production of the goods and services when the cost price of a material is high it's natural that the purchasing price of the material will be high inflation can be reduced by right government policies, one of the ways that inflation can be reduced is through mass production of goods so that the goods can be surplus so that the price of these good's can be reduced
Let face the fact on the table printing of money has little effect on inflation because inflation is basically based caused by cost of production of the goods and services when the cost price of a material is high it's natural that the purchasing price of the material will be high inflation can be reduced by right government policies, one of the ways that inflation can be reduced is through mass production of goods so that the goods can be surplus so that the price of these good's can be reduced
The fact remain! Excess printing of money has big side effects on inflation and math's doesn't lie. In Nigeria, the past government under the office of the president, a lot of money were printed without even the approval of the president and look at what the inflation is saying in Nigeria today, it's 32%, don't say dollar made it to go up because before the subsidy thing, inflation was already in 24% before this government came.
Look at what happened to Zimbabwe currency, very similar to what happened in Argentina. Money printing brings inflation faster than any other factors in any economy.
The only reason why we have inflation, is because they keep printing money ... and there's no one to stop these damn politicians & bankers ...When the economic condition of a country is very bad and the amount of foreign debt of that country becomes very high, automatically the government comes under pressure. When the government falls under pressure, there is a need to print paper money, be it willingly or unwillingly. When the bank prints paper money unwritten, the inflation of money is seen in the country. The prices of daily essentials continue to increase drastically. Thus the value of a country's currency tends to depreciate and rampant inflation occurs.
It's pure theft.
When the economic condition of a country is very bad and the amount of foreign debt of that country becomes very high, automatically the government comes under pressure. When the government falls under pressure, there is a need to print paper money, be it willingly or unwillingly. When the bank prints paper money unwritten, the inflation of money is seen in the country. The prices of daily essentials continue to increase drastically. Thus the value of a country's currency tends to depreciate and rampant inflation occurs.
When the main political party of a country is involved in corruption, irregularities, money laundering, etc., then of course you will prioritize the rise in commodity prices as the main problem in that country. Important issues such as a significant decline in the country's reserves, a significant increase in foreign debt, and a decrease in foreign remittances are among the main reasons for inflation in my country.When the economic condition of a country is very bad and the amount of foreign debt of that country becomes very high, automatically the government comes under pressure. When the government falls under pressure, there is a need to print paper money, be it willingly or unwillingly. When the bank prints paper money unwritten, the inflation of money is seen in the country. The prices of daily essentials continue to increase drastically. Thus the value of a country's currency tends to depreciate and rampant inflation occurs.
And still, Japan has one of the highest debt-to-GDP ratios, has printed the most money in all developed countries, is struggling with growth and an old population, and yet despite that for nearly 7 consecutive years it had below 1%, experiencing twice deflation.
So how is this possible?
Obviously printing money is not the only culprit, you can print money endlessly if people don't spend it there will be no inflation.
Inflation is a word used to describe the successive increase in the prices of goods and services, but saying that printing money is the cause of inflation is wrong, as the market needs printing money and controlled inflation to grow. Most economies indicate that inflation of 1% to 2% is good for the economy, but excessive inflation that The problem is not controlled by the central bank, as the prices of goods and services continue to increase, which affects the economy and has reasons:
Random printing of money.
Wrong policies of the central bank.
Corruption, government laxity, and spending on projects that are not economically feasible.
Inflation due to fuel prices or supply chains.
If the government does not print money, inflation may occur due to the reasons above.
isn't the money printing what devalues the existing money on the market
These last few years money printing have gone brrrr ... so did inflation.
Inflation is a product of lack when ever there's lack of supply of a particular product or goods it is natural that the price of such goods will increase in value so inflation in countries is basically caused by lack of that country to produce goods and services to meet up local demands in the country when that happens there will be an increase in the price of such goods because to solve the problem of lack the country has to import into the country and depending on the countries currency in the international market that was used as the exchange for the goods to get them into your countries these imports will have to to recover their money and make gain by inflating the price of the imported goods on the local marketYeah, that's true. When there aren’t enough goods or products in a country, prices naturally go up because people still need them. If a country can’t produce enough for itself, it has to buy from other countries. And since imported goods come with extra costs like shipping and currency exchange, the sellers raise prices to make a profit.
And still, Japan has one of the highest debt-to-GDP ratios, has printed the most money in all developed countries, is struggling with growth and an old population, and yet despite that for nearly 7 consecutive years it had below 1%, experiencing twice deflation.When the main political party of a country is involved in corruption, irregularities, money laundering, etc., then of course you will prioritize the rise in commodity prices as the main problem in that country. Important issues such as a significant decline in the country's reserves, a significant increase in foreign debt, and a decrease in foreign remittances are among the main reasons for inflation in my country.
So how is this possible?
Obviously printing money is not the only culprit, you can print money endlessly if people don't spend it there will be no inflation.
Inflation has been in existence before now, even right from the days of our ancestors, there have always been inflation,
The only reason why we have inflation, is because they keep printing money ... and there's no one to stop these damn politicians & bankers ...I believe inflation has and still is the order of the day because of ehigh cost of production. Due to the present economic situation we are having, which is partly due to our leaders inability to contribute positively into the economy, producer tends to have hard time getting raw materials at a reduced price. However, when they finally gets the raw materials at high prices, they hike the prices of the finished product just to compensate their pockets due to the high amount of money they spent securing this raw materials.
It's pure theft.