Why do we have inflation ?

[notblox1]

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.

[Uruhara]

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.

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.

[DrBeer]

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.

I would be very grateful to you if you would describe in a few sentences, with arguments only, how inflation is caused by the fact that "the rich get richer, the poor get poorer" and what this story has to do with it. It is very interesting to hear your opinion, which, as I understand (right ? ) is not based on the principle "he only repeats what someone else told him".

Please describe step by step what this process looks like, at what step inflation appears and why. And of course - why with inflation the rich get richer, describe the mechanism in detail, let's discuss - I understand what you wanted to say but there are some interesting nuances

[Legion]

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.

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.

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.

[emmybd]

There are many reasons of inflation. War, economic mismanagement, political instability, corruption and natural calamity such as flood can fuel inflation all over the world. All these factors contribute in different ways in various parts of the world.

[Peter90]

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.

[DrBeer]

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.
....

This is a long-standing problem - people simply do not understand how the financial system works, what money is, why there is inflation and what it is. For them, a lot of papers in their wallet is "wealth"! More is "even better".....
Financial illiteracy of the population - one of the global scourges of the modern world!

PS I am fond of numismatics and bonistics, in the collection there are stamps of Germany of the beginning of the 20th century, with a face value of 10 billion marks. Money then depreciated literally every couple of hours. I hope this will not happen again in any country ...

[bitterguy28]

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.

Don't  be much affected Admin because politics is a legal term for Corruption meaning politicians are there to
take money and be wealthy and not for the people to benefits from their positions.
in short these are a helpless case as inflation will keep coming not until true political motives will cover the position.

[Peter90]

[DrBeer]

Inflation question:
What do you think is the more effective method of curbing real inflation:
- price increases
- tax increase
- triggering deflationary processes
- your answer ?

[Agbe]

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.

[DrBeer]

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 ?
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

[Agbe]

Let's understand the reasons, the real reasons ?
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

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.

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.

[Aanuoluwatofunmi]

Inflation will always be as long there is no any tangible changes towards the way governments have been used in printing the money and the financial regulations protocols in place, there need to be some changes in the way things were being done, we are tired of the old patterns, things are changing and this is why we could discover in a large extent the numbers of people supporting for a decentralized digital currency which is bitcoin.

[DrBeer]

Let's understand the reasons, the real reasons ?
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

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.

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.

Suppose you're right. Then the question is - explain how are you FORCED to take loans? You can't be forced to take out a loan. Moreover, there is always a choice - besides the IMF, there are a lot of other organizations.  And the government has the POSSIBILITY to borrow where conditions are more convenient. But there is a nuance - most other organizations do not give loans to governments that steal previous loans.