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Showing posts from June, 2023

Inflation Dilemma, Solution on how to Contain and Control it

  Why are the prices of goods and services always increasing over time  ? In economics they say that the cost of a particular commodity is determined by the quality of production, which states that the quality of a particular goods is determined by the class of consumers that commodity is provided for, this production quality causes some goods and services to value higher than others with lower production quality solving the same problem in the same time-frame, this is not what we are focusing on right now but on something else.  Technology introduced a Cheaper Fiber Materials to replace  steel plates used in the production of car body-works, instead of the cars getting cheaper, it spiked higher, is it that the cheaper fiber materials are not actually cheap or something else is going on ? Why is Food, Fixtures and Appliances for homes and human consumption and utilization for humanity’s security and comfort  costlier than before? Will these things ever back down...