Inflation Control

by 2 replies
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What steps are generally taken by governments to control the inflation?
#off topic forum
  • 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
  • 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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