Why can’t hyperinflation be fixed by creating a new currency? or just stop printing?
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It *can* be stopped by making a new currency! Brazil did it in the 1990s with the [Plano Real.](https://en.m.wikipedia.org/wiki/Plano_Real)
If you are asking why they don’t do this with the US dollar, lots of reasons. One, it’s kind of an option of last resort, and they don’t feel the current situation is that dire. Two, it would knock a lot of confidence out of the US currency. The dollar is still the most popular currency in the world. To get rid of it would be a little like changing the name Twitter to X. It would confuse everyone and they would probably switch to something else. Three, it would undoubtably be incredibly expensive to make the transition.
As for why not print less money? You can, but the US has bills to pay. So while that would slow inflation, it would come at the cost of tanking the US credit rating, shutting down a lot of government services, and potentially crashing the economy.
So that’s why they tend to use interest rates to fix the situation. It’s a slow solution, but with far less impactful side effects.
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