It is already the 2nd day of February. Actually, I was about to post this on the 1st day of February. But I am still happy that I am writing this post now. Since in the past, once I found that I was not able to post it before midnight, I would either edit the date of publishing or postpone the publication forever. That is procrastination.
The note for today is actually quite simple. I learned from Stephen Siu that inflation, in comparison to deflation, is not that bad and is relatively easier to solve. The hyperinflation in China before 30th Year of the Chinese Republic gave me too deep impression to forget. With the help of the disastrous case in Zimbabwe, inflation feels like a hinder in the economical society. Further, the inflation rate every year in Hong Kong weakens the purchasing power of money.
But Mr. Siu said the solution to inflation is simply increasing the cost of salary overwhelmingly. It is not that hard. When it comes to deflation, there is no solution. The great depression in the United States is the result.