5 ms·
i'd much rather we (speaking as an american, but applicable more broadly) just rebased down 1 order of magnitude, so whatever a dollar buys today, you could ins
by clairity 6y ago
i'd much rather we (speaking as an american, but applicable more broadly) just rebased down 1 order of magnitude, so whatever a dollar buys today, you could instead buy with a dime. we could even let change appreciate immediately, which would be a nice little gift for the folks who tend to hold change (not rich people), but issue different paper money while exchanging the old bills out of circulation. concommitantly, we should rethink inflation as economy driver and impetus of the time value of money, which causes this devaluation in the first place.
- sellyme 6y ago> but issue different paper money while exchanging the old bills out of circulation While they're at it they could bring the notes into the 20th century by making them distinguishable from a distance and less easily damaged. If you need to distinguish the old notes from the new ones to prevent anyone getting scammed, might as well kill two or three birds with the one stone.