Inflation vs Deflation: Do Dhari Talwar
Inflation (mehangai) to har kisi ke liye dushman jaisi hai kyunkay yeh buying power kha jaati hai. Lekin kya aap jante hain ke 'Deflation' (cheezon ka sasta hona) Governments aur Banks ke liye us se bhi zyada darawna khwab (nightmare) hai?
Deflation ka matlab hai market mein paise ki kami ho jana aur cheezon ka sasta hone lagna. Sun'ne mein aam aadmi ke liye yeh acha lagta hai, 'Kamayai wahi hai, kharche kam ho jayenge.' Lekin debt-based (karz par chalne wali) economy mein yeh ek heart-attack jaisa hai.
Jab logon ko lagta hai ke gaari (car) agle mahine aur sasti hogi, toh woh aaj kharidna band kar dete hain. Jab khareeddaari (sales) rukti hai, toh factories production khatam kar deti hain aur logon ko jobs se nikalna (layoffs) shuru kar deti hain. Poora economic pahiya (wheel) jaam ho jata hai.
Sabse vishal khatra yeh hai ke, Government ne jo hazaron crore Debt (karz) liya hua hai aur uspe tax wasool kar ke interest bharna hai - agar cheezein sasti hoti gayin aur salaries giri, toh government Tax kahan se ikattha karegi? Government ka default hona tay hai.
Sochiye: System aapko mehangai (inflation) se darata hai kyunkay us se aapka nuqsan hai, lekin deflation se darne ki asli wajah yeh hai ke usme bankers aur government ka billion dollar tax aor loan-recovery ka model doobta hai!
Key Takeaway
Ek debt-based economy kabhi prices girna (Deflation) afford nahi kar sakti, isliye Central Banks hamesha jan-bujh kar 2% Inflation (Mehangai) ka limit zaroori rakhte hain taa ke log paisa kharach karte rahein.