Another day another discussion about inflation and how it can solve our economy. I watched adults talk about inflation when I was much more younger and wondered why they say it with so much anger, here I am, a young adult extremely furious and angry. Inflation has eaten the value of assets in lots of countries over time, while some countries cry over inflation, some countries are experiencing it way worse. It’s not an inflation competition, but what is the solution to this unending cycle of inflation? 
![aleksandrpopoviQqqo2zpmTIunsplash.jpeg](https://images.hive.blog/DQmbqpjZmpFtJMbLJxG2GS7ZsHHY9m3mo1R12wswDBW5aUr/aleksandr-popov-iQqqo2zpmTI-unsplash.jpeg)
[source](https://unsplash.com/photos/iQqqo2zpmTI)
I came across an idea today on TikTok, that if you want to help reduce inflation, you should increase interest rate. First of all, inflation is the devaluation of a country’s currency, and it’s caused by excess printing and availability of excess cash which diminishes the value. Some see it as people having access to too much money, because the interest rate is low, this makes people borrow more money and have access to spend. But in my country, people don’t have access to money but inflation is off the roof. I guess this solution doesn’t count for a place like my country. 

So this TikTok analogy suggested that if inflation is to be controlled, interest rate should be high. This will discourage people from taking loans, and when people don’t take loans, they don’t have access to plenty money for spending, thereby leading to less business patronage, which will lead to less economic activities because business is not thriving, jobs are not created and wages are not being paid. When people don’t get paid, they don’t spend money and when they don’t spend money, demand of goods and services will be low, which will reduce the price of goods and services. When the price of good and services are reduced, inflation is reduced also. 

While this makes sense, I can’t see how it will work, when economic activities are reduced, because there is lack of jobs and people are not being paid salaries and wages, how do the people survive? Do they get food for free? How do they pay rents? I can’t speak for other countries but in my country, raising interest rate won’t be the only solution to inflation but eliminating fraudulent government officials will. 

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