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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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[–] shortwavesurfer@lemmy.zip 1 points 10 months ago (1 children)

But why do you dislike them? Because in this event a coin would actually be worth using, where now it's just an annoyance.

[–] AnonTwo@kbin.social 2 points 10 months ago (2 children)

Does anybody like decimals? Even if you add more worth it's more math.

[–] shortwavesurfer@lemmy.zip 2 points 10 months ago

That's true. Have a look at Bitcoin where they are sending satoshis around (0.00000001).

[–] e_t_@kbin.pithyphrase.net 1 points 10 months ago

I kind of like how the Yen is denominated: all prices are integers. It would be roughly equivalent to pricing everything in cents, but at least there'd be no decimals.