Why does inflation exist and how to beat it.

Historically, money used to be tied to gold. This concept is called fiat money where paper money represented an amount of Gold. Gold has always been the symbol of value. If you had more Gold, you were seen as having more value and subsequently, wealthier. The number of digits in your bank account is worthless because it is not tied to an amount of Gold. When your currency crashes, your "paper money" will be rendered economically useless. If you are upset with inflation, you are actually upset with Capitalism. There are many reasons inflation happens but the most common one is a country's national debt. Owing to the nature of how interest works, every year, that debt of your government increases, to prevent economic collapse, the country inflates its currency to make things more expensive so they can collect an increased amount of taxes to pay off said loan. A simple analogy to how this works is a chemistry experiment you've probably done in high school. So you have 200ml of sodium chloride. Notice how when you continually dilute the contents, the volume increases but the concentration of NaCL per ml has decreased? That's exactly how inflation works. So a property valued at 1 000 000( insert currency) is now worth 1 200 000. You didn't become richer, your currency became weaker which is not a good thing. When entire economies and currencies collapse, money is worthless. What is considered "wealthy" reverts back to who owns the most gold. Gold or the thing with most value becomes the new currency. There are only 3 reliable assets you can own that will survive recessions , depressions and the apocalypse and they are property , natural resources and gold. Don't invest in things that depreciate, buy Golf and property and nothing will be able to shake you.

would require a very large-scale collectivist effort to change the rules of economy enough to eradicate inflation or lower it to manageable levels, even. I think the only way it would work would be if we start paying the same wages for any job. That way, wealth would be more equally distributed. Probably requires a legal maximum both for property and income as well. For as long as people try to grab more than their neighbours, inflation will exist.