Why can’t hyperinflation be fixed by creating a new currency? or just stop printing?
In: 101
We live in the era of fiat currency which means money is only backed up by the trust people have in the issuing government. If there is no trust, a new currency doesn’t change that. In a hyperinflation scenario stopping new money from entering circulation would mean that there is no money to go around as the inflation has made the currently existing money worth so little. People can’t buy stuff and that would be even worse.
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