Why can’t hyperinflation be fixed by creating a new currency? or just stop printing?
In: 101
The currency itself has no inherent value, fiat currencies are backed by the trust in government and economic stability of the country. To fix hyperinflation you need to fix the economy, making a new currency just shifts the problems to a new currency.
It’s kind of like if there was a shady business that was shut down because it was ripping people off, if this person started a new business with a new name it doesn’t mean that they are now trustworthy or have a good product
Latest Answers