Nah. Your government is doing the right thing here.
Two reasons to not redenominate currency:
- It’s messy. The old and new coins need to coexist for some time, and people get confused. Specially bad in the presence of disingenuous = dumb = malicious actors; picture your typical Karen saying “it doesn’t specify in which currency it should be, so I’m entitled to pay it in the old currency! I DEMAND TO TALK WITH YOUR MANAGER!!!”.
- It’s costly. Reprinting all money would cost more than just stop minting the lowest value coins, and slowly remove them from circulation (as they hit the banks).
Because of both things, you’ll only see redenomination without hyperinflation once in a blue moon; it’s simply not worth the trouble, unless you’re cutting off three zeroes or more at once. Also, note trying to solve one of the issues makes the other worse.
Source: I’ve seen my country’s currency being redenominated twice. (Technically four times, but I was too young to remember two of them.)







*Yawn* shitty text.
The core is an idiocy/fallacy/stupidity called faulty generalisation: since some middleman jobs are useful, the author assumes “middlemen jobs” in general are useful. Even if those “middleman jobs” have barely to do with each other, except by not being directly involved into the production. (Cue to the examples: what do logistics and leadership have to do with each other?)
It’s rather disingenuous how the author only contradicts the popular intuition partially - note how the text still relies on its artificial division between “real jobs” and “middleman jobs”.
The rest of the text is as worth dissecting as Skibidi Toilet is.