by anie_b
2 replies
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What steps are generally taken by governments to control the inflation?
  • Profile picture of the author David Maschke
    Raise interest rates.

    This is really close to being a forbidden topic according to the forum rules. Take it from me, I have an infraction for doing the same thing.

    Dave
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  • Profile picture of the author MrStinky
    Here's the funny part - when inflation occurs, people who don't understand how the economy works demand that the gov't increase the minimum wage. The government eventually gives in. The minimum wage goes up, and since everyone's now making at least $10 - the price of goods goes up to compensate and the inflation increases.
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