What"s inflation Prices of things are going up. That"s all. Is that so bad Yes, It"s very bad. Much worse than you think. It hurts the society. It brings really serious injustices to people. It actually robs people of the economic assets (财产) the society owes them. It forces people who deserve a comfortable retirement to live their retirement years in poverty. But that isn"t all.
Inflation really does tear the society apart. It forces everyone in the society to become active in fighting to see that the value of his income and the value of his assets keep going up at least as far as prices are going up on everything else. Inflation forces workers to fight for excessive wage increase. It forces businesses to announce excessive price increases. It forces state and local governments to pass excessive tax increases, while costs of government services surge forward even faster. Austerity (紧缩) budgets are forced on the public schools, colleges, health and welfare services, and highway departments. College students are forced to pay higher tuition and fees. People feel more and more cheated and get more and more angry.
Influences of inflation:
1. On the retired: 1
2. On college students: 2
Influences of inflation on the government:
1. 3
2. 4
People"s attitudes toward inflation:
5