Why can’t hyperinflation be fixed by creating a new currency? or just stop printing?
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It can in certain instances. Countries have done it before. It’s why the old Zimbabwean $100 trillion banknote is a novelty souvenir worth very little. There’s a new currency now.
But remember that “hyperinflation” and “inflation that consumers find irritating or burdensome” are not the same thing. Hyperinflation isn’t when a gallon of milk is $4.10 this year when it was $3.75 last year. If you look into instances of hyperinflation, you’ll see stories of people burning stacks of cash for warmth, or taking wheelbarrows full of money to the store to buy a loaf of bread. A government isn’t going to revalue the money or create a new currency until inflation gets to be that dire because that would be a lot of work and upheaval for something that can be fixed through less explosive means. People don’t like being told that the money they do have is literally worthless, even if it was practically worthless before.
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