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.

  • shortwavesurfer@lemmy.zipOP
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    6 months ago

    Yeah, incomes have risen a hell of a lot slower than inflation causing the average person to be poorer overall. Redominating the currency would not fix that problem. That is a systemic issue where inflation is higher than wage increases, so people demand higher wages, which then causes inflation to increase, and it’s a spiral.