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should the US consider a currency redenomination? (lemmy.zip)
submitted 10 months ago by shortwavesurfer@lemmy.zip to c/personalfinance@lemmy.ml
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Prices of things are becoming absolutely insane. $800+ rent, $30,000 cars, $10 sub sandwiches, etc. It would be nice to do a 3/1 split and cut everything by 2/3. Then we would have $266 rent, $10,000 cars, and $3.33 sub sandwiches. Wages, debts, everything would drop to 1/3 what they are now. It would also make coins useful again since a vending machine soda would be 2 quarters again.

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[-] cali_ash@lemmy.wtf 1 points 10 months ago* (last edited 10 months ago)

That is an unimaginable sum. What even is 33 trillion dollars?

How is 11 trillion any better?

If you want to actually bring that to a number people can grasp than small amounts would become impractically small. Like you would need to deal with 0.000001 and 0.0000001 dollars and stuff.

this post was submitted on 16 Jan 2024
-7 points (37.0% liked)

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