Can they ever be reset? Or will one day a regular chocolate bar cost for example €50? House that costs €200k cost €1,000,000? Will the likes of the euro or US dollar one day be the same as currencies such as the YEN where “1” of them is essentially worthless?
In: Economics
Currencies can be reset by the national banks that control them, but it’s only been done under extreme circumstances.
Like when inflation hits absurd numbers, usually as a result of a war or other economic collapse, and you’re dealing with billions and trillions in regular transactions.
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