Member-only story
Inflation is the same in every country, why!
There can be many reasons for inflation, but the main reason is the central bank raising interest rates above 0. In this article, we will discuss many other causes of inflation and finally discuss how interest rates cause inflation.
The inflation that the world is currently experiencing did not happen all at once, rather it is the result of major political and environmental changes that have taken place in the last two decades. If you look at the 90s, the pace of inflation was very slow. Because since 1992, the world started moving towards the restoration of peace. Wars would have almost stopped, and governments would have turned their attention to welfare programs for the masses. The land was also cheap in the 90s and it was easy to build a house for the low-income class. Then after 2001, the situation of the world changed dramatically and hatred got a place in politics. Due to this, the public welfare projects will lose the attention of the governments. The last two decades have seen nothing but war and related projects. At the same time, China quietly developed and took over a large share of the world’s industrial output, while at the same time strengthening its defense system. But think about why this happened?
The amount of money that the US and its allies spent on ending the Taliban regime, if that amount of money had been spent on…
