Why can’t hyperinflation be fixed by creating a new currency? or just stop printing?
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Brazil did it with the Real – It can be done, but, it takes more than a new piece of paper.
Inflation can be caused by many factors – Government economic policy, supply chain issues, and public confidence all drive it. If those negative factors remain, then a new name for the money won’t solve a thing.
In the late 70s / early 80s, we went through a period of significant inflation that was defeated, in part, by making the cost of borrowing / new development so expensive as to choke off demand. This is a less destructive way to resolve inflation issues than creating a whole new currency, at least in a first world country.
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