[ELI5] Why can’t we just reset the economy?

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First of all, parson my ignorance. But since we’re heading towards a depression, why cannot we just make a reser and start from where we left of? Or from a certain period of time.

What are the drawbacks and reasons we can’t.

In: Economics

7 Answers

Anonymous 0 Comments

How do you define resetting?

The closest thing I could imagine a government really being able to achieve would be to stop backing their currency which would effectively make it worthless.

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