Right. They make us believe and we behave accordingly. It's true that even democracies have so much slavery!

Coinsreporter

Fiat economies are a confidence game. If they can get consumers to expect less inflation, people will behave in a way that reduces the rate of price inflation.  At least that is what they tell themselves.

Remember cutting inflation is not cutting prices. That is deflation or disinflation.

econ

'Inflation under control' is the best part of Indian economy at present

Fiat economies are a confidence game. If they can get consumers to expect less inflation, people will behave in a way that reduces the rate of price inflation.  At least that is what they tell themselves.

Remember cutting inflation is not cutting prices. That is deflation or disinflation. 