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You don't seem to understand what ultimately causes inflation. Not a surprise, as you don't understand money either. Inflation happens because central banks ha
by tappio 4y ago
You don't seem to understand what ultimately causes inflation. Not a surprise, as you don't understand money either.
Inflation happens because central banks have been trying to fix structural problems by printing more money, and this time it didn't work out. Sometimes it has worked. If they didn't do that, the problems would still be there. If we didn't have the possibility to print more money, we couldn't even try out if that helps. Ultimately, the structural problems would be worse if financial system was ran on cryptos.
- samarama 4y agoNo, if that wasn’t an option, then the root causes such as wasteful spending, not holding politicians accountable, student loan crisis wouldn’t even happen in the first place, because those that are committing those misdeeds currently are the same that are printing the money.
- ben_w 4y agoNone of those are root causes of inflation in most nations. Hyperinflation perhaps (but even then a collapse in economic output with fixed money supply can mess you up), but normal inflation is put into a deliberate low-but-not-zero level to encourage spending over saving.