Meaning all debts, internal and external were erased and all money was taken/ re-distributed?
In: Economics
The answer to this depends on the form of government in place and the balance of rights between individuals and the collective. It’s impossible to answer as stated, unfortunately.
I guess we can take some recent “approximations” of a reset event to study what happened. Look to Japan, North/South Korea, East/West Germany, Vietnam, and to some extent China after the ironically named “great leap forward”.
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