Inflation is not a natural phenomenon. It is created by humans as a consequence of their greed and neediness. But who suffers more is the common people whose partaking in the creation of inflation is less. They cannot escape from the inflation consequence and the interest rate hikes by the central bank.
Looking at the rate of growth of the world, we could arguably say that the growth is accelerated from the last two decade. The graph is clearly exponential. It is already predicted that the it would be further exponential. From the eyes of this decade, it is most likely to find a horizontal graph when looking at couple of centuries before. There were agricultural, industrial and even the cognitive revolution took place. It is considered to be the slow growth period relative to what is happening now. But for a person living at the time of industrial revolution must have thought that it was the biggest ever revolution that happened so far. That is totally right. Not a single country dared to expel it. Most of them feared of being left behind. Revolution became inevitable in the modern world. We are witnessing and partaking in lots of it. Among the foremost one is AI revolution. Some of the Scandinavian countries are still at the verge of digital revolution. They need some time to m...
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