Okay so as far as I’m understanding it, we have (and also want to have for economical reasons, the amount can be discussed but in general we want that) inflation. Therefore money becomes always less and less valuable, the ice cream will always cost more and more. Can you reverse that process without going into recession/deflation? So will there ever be a point again, at which an ice cream will cost 50ct again (random example)? Can that be reversed by introducing a new currency?
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When numbers get large enough, they’ll sometimes revalue the currency and lop off extra zeros. A country isn’t going to do it to make a $5 pint of ice cream cost 50 cents, but if a pint of ice cream was $5000, they might.
I was in Mexico on vacation when they did it about 20 years ago. Peso went from like 5000:$1 to 5:$1 overnight. There were New Pesos issues at the new valuations, and old Pesos were worth 1/1000 the face value, so a 20,000 old Peso was worth 20 New Pesos in the stores, etc. People had like a year to exchange all Old Pesos for New Pesos at the bank.
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