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.

  • DeadNinja@lemmy.worldEnglish
    1·
    6 months ago

    Correct, but only if you can make the European Union to agree to slash the value of 1 Euro from $1.09 as of now, to $0.36 ( what you proposed) - and then get every other currency in the world to follow suit.

    Good luck with that.

    • shortwavesurfer@lemmy.zipOPEnglish
      11·
      6 months ago

      The European Union wouldn’t have anything to do with it. The market would, because the dollar would triple in value and therefore the euro would be one-third its value compared to the dollar.