Assuming a nation's paper money is just so much pulp, what next?
In the past Germany went from pre WW2 marks worth billions to one dollar to Riechmarks and then Deutchmarks. How did this transition function? If you had your savings in one sort and they moved to another sort, what determined the value of your savings? Or property, one day your property is worth 5000 riechmarks, if the next day it's deutchmarks, what determines how many?
How do you jumpstart things after they get royally screwed up?
In the past Germany went from pre WW2 marks worth billions to one dollar to Riechmarks and then Deutchmarks. How did this transition function? If you had your savings in one sort and they moved to another sort, what determined the value of your savings? Or property, one day your property is worth 5000 riechmarks, if the next day it's deutchmarks, what determines how many?
How do you jumpstart things after they get royally screwed up?
Comment