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0 sats \ 0 replies \ @BTCLNAT 4 Sep \ on: Inflation: are we following the path of the 70s? econ
"The cure is worse than the disease" is what they say where I live when they try to fix a problem with a solution that only makes the initial situation worse.
We could apply the concept of stupidity: when you try to obtain different results, using the same techniques and/or procedures.
Inflation, caused by high money emission and not by shortages of products, is only solved by collecting the surplus money, or the price of products increases or interest rates rise. Then there are still problems because the purchasing power of printed money falls. And so on and so forth.