“Inflation is a force of pressure. If the socioeconomic system of a country is open and democratic, the pressure will dissipate via elections and peaceful change of government. On the other hand, if the system is closed, it might be able to contain the pressure for a while, but the pressure will continue to build up and at a certain point it will exceed the strength of the system causing it to crack. Rulers who learn from history and create a socioeconomic system that is open will achieve stability and continuity. Those who fight against these socioeconomic forces may win some battles in the short term, but they will lose the war.
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