Question: If you hold that
charging interest is immoral, then why not inflation?
Answer: I am afraid I do not
believe that inflation has anything to do with morality. Actually, inflation
takes its effects because of the market forces. An increasing gap between
the extent of demand and supply will translate into inflation. The government
needs to take steps to ensure that there remains a healthy balance between
the purchasing power of the citizens and the availability of commodities
in markets. As you see, there is nothing immoral as regards inflation though
it is a problem ensued as a result of mismanagement. Just as improper supply
of water to a region would not be termed as immoral rather a product of
mismanagement—which if done on purpose is indeed a crime, inflation in
itself cannot be termed as ‘immoral’.
(Jhangeer Hanif)
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