Three Monetary Measures to Curb INFLATION

The world economy today undergoing sever high inflation. The poor are the hardest hit. Now under the “IT To Root-Out Corruption” perspective (see its main document in this blog dated June 2, 2008.) is its further extension in which let me explain how it can possibly curb the high inflation.

The primary cause of the price rise may be a genuine shortage of some essential commodity (food, oil, water etc) that triggers the high inflation. As quickly the corruption seizes the opportunity making the problem far worse! Large stocks of money can suddenly appear, illegally hording those goods. Subsequently as a result massive amounts of the consumers money go chasing after those scarce commodities land into those profiteers pocket. Made and kept illegitimately hidden (tax fraud) from the legal scrutiny, they are most likely to be employed in money-laundering bribery, or the illicit money transaction as a whole. All of it happens basically due to the absent of the WHEREABOUTS of those large sums of money. In other words, the government having no access to the information of the location and other necessary details of this significant part of the nations money, which along with its corruption brings in great volatility, instability, severe economic crisis that includes high inflation. In contrast, the three anti-corruption monetary measures or the MEMT enables the government to have all the bank accounts electronic money transaction records, thereby to know the exact WHEREABOUTS and the amounts of every large sums of money deposits at all times. So it is not possible for the unscrupulous people to keep the money illegitimately hidden and engage in its illicit transactions or that to go undetected in the MEMT system. This would bring in basic transparency in all financial accounts, which is the most essential key weapon to eliminate the economic crimes corruption as it also fuels the high inflation at times. Quite apart, the MEMT also provides the government with an entirely new kind of
financial device to have a strong monetary control to mitigate the inflation or the other economic crisis's.

Three main Anti-Corruption Monetary Measures(See its latest version)

See its latest revised version under the new title; "Two Main IT Anticorruption Monetary Measures" in the
latest blog on September 9, 2008.

IT To Root-Out CORRUPTION - (See its latest verdion)

See its latest revised(September 1, 2008) IT To Root-Out Corruption” principle document posted in this blog on September 3, 2008. Also see the same in my new website:< http://www.anticorruption-it.info >