What is Nostr?
TheGrinder
npub1de6…q0sd
2024-09-28 11:26:32

TheGrinder on Nostr: ...

Is there any relationship between inflation and fiat redesign? As in new bills with new designs?


With the average lifetime of any fiat currency being 27 years there is no way around replacing the currency or reforming it since it has lost at least 50% of it's value at 2% inflation p.a. So yes, new banknotes are a built-in feature for any currency since none of them is designed to succeed.
Author Public Key
npub1de6l09erjl9r990q7n9ql0rwh8x8n059ht7a267n0q3qe28wua8q20q0sd