we all know the thing where it’s like oh in the 60s x amount of money is equivalent to x amount in today’s time, and how people could earn a dollar for an hourly wage because it was worth more back then. is it possible to have a “reset” on inflation where we go back to spending/earning a dollar, or will it keep permanently increasing to where in the future 10k is chump change?
In: 15
They can, its called a rebase or a redenomination. generally a country switches to a new currency that can be exchanged for the old at the specified rate.
This doesnt really solve inflation, just hids it, and is only generally done when there is really bad inflation in a short time.
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