Itâs one of Taiwanâs magic powers.
The impact of inflation in North America is wild, and not in a good way.
Guy
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So what does Taiwan do different that doesnât result in Venezuelaâs problem of shortage? Because socialist price control is seen as bad in every Western countries.
That Taiwan can even give everyone 6000nt without printing money is magical in itself.
Or itâs actually China moneyâŠ
My sister told me inflation is nuts in the states. She said beef noodle previously cost about 14-15 dollars now costs 25 dollars or more.
In Taiwan itâs gone up like 10nt (from say 120nt to 130nt).
But we import a lot of food, so whatâs going on?
Or is socialism not as bad as they say it is, if applied correctly?
Did you not realize that came from a budget surplus from increased tax receipts.? It was after announced in the news. Taiwan was not running US dollar trillion deficits like the USA.
Itâs not like I donât know that.
I donât think any western country can do that at all. If they want to give their citizens money they will have to print them. Itâs sad.
Especially you got that orange president who promised to balance the budget but instead made it much worseâŠ
Bill Clinton was the last president who balanced the budget, but even he created a ton of problems too (not money related though).
Indeed theyâll have to print citizens. Birth rates are really low.
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Donât they already have high immigration to resolve that?
Maybe thatâs why the US turns a blind eye towards illegal immigration. They canât tell their citizens to just let everyone in, so just do it on the down low and not enforce the law at all.
They have many fiscal and monetary tools. To the best of my understanding interest rates are the fastest acting and easiest to reverse and manage.
Yea, well, governments in the West seems powerless if corps decides that they can increase price across the board by 100% because they can. In the US corps control everything. Proctor and Gamble can raise prices by 100% if they want to, they have effectively no competitor. Same with many food companies and other companies. A lot of oligopolies in the US in fact.
Which tells me that governments in the west has little to no control over inflation.
Not sad in California, they refund to people NewT$290 billion from surplus like Taiwanâs extra cash, so not all of USA is poor
In Italy now, bothers my Taiwanese co worker her Italian bags not as cheap with higher 
euro
Taxes are even faster. But, elected governments donât like raising taxes.
Well, for one. Everytime you hear a person complain about how old school the banks in Taiwan are, remember we dont really have meaningful recessions. economies and banks are controlled lots here. untold quantity of grey area laws put on place to exactly allow pick n choose enforcement. for all the dumb fuckery around taiwan, we never really suffer like other countries. financially, I mean. our lungs and digestive organs, different story. but financially, sometimes itâs good going slow and steady and having actual government controls from foreign entities 
For better or worse. though more clear cut and active legal systems wouldnt be a bad thingâŠ
we need a lower dollar. export relies on it. right now it seems only the US is up vs the TWD, all others are way low now. at least as forex.
Related:
In the latest report submitted to the U.S. Congress on Tuesday, the Treasury Department said it found that no major U.S. trading partner has manipulated exchange rates to get an unfair competitive edge in international trade during the four quarters through June 2023.
Taiwan remained on the watch list for currency manipulation, however, as did China, Malaysia, Germany, and Singapore, while Vietnam was newly added to the list, according to the report.
[âŠ]
According to the report, Taiwan met the trade surplus and current account surplus criteria but estimated that âforeign exchange intervention was limited in the first half of 2023, consistent with muted currency movements.âIt advise Taiwan to âdeploy a a careful mix of policies that better insulate the economy from external shocks and address structural issues to reduce external sector imbalances,â especially in terms of diversifying its energy imports.
It also said Taiwanâs âforeign exchange intervention should be limited and allow currency movements in line with economic fundamentals.â
Further weakening the NT$ by purchasing USD would probably not be seen positive by the US.
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Since I earn NTD, I am not opposed to its appreciation. 
Guy
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NT$ going down! Anyone try ATMâs in Taiwan that eject Euros, is rate close to market rates?
1US$ 32.53 this morning from HSBC Taiwan
Euro 106.3 to US$ weakening as well.