I know there must be reasons and this is a dumb question, but I’m a bit of an abstract thinker and have trouble grasping it from a big picture presepctive. Can someone break this down for me? Can’t we all just kind of agree to just kind of… Reset some numbers or something?
Sincerely,
I’ve never taken an economics class in my life
In: Economics
Technically the government can do it. Unfortunately, it makes the government poorer. While that may not sound a problem by itself, it usually leads to depreciation of the currency. When a currency depreciates, inflation rises. Inflation makes everything expensive and ends up eating your savings one way or another.
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