Should the global economy ever be "reset"?
If we reached a point now or in the future where the global economy collapsed on an unprecedented scale, would starting from scratch work? From Granny Smith's mortgage, to the IMF, every figure would be set to ZERO (pounds, dollars, whatever currency you prefer). What do you think the consequences would be?
Yes
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No
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What you're talking about is essentially getting a new currency, or a country defaulting, but on a large scale, I'm assuming? I see no reason why it couldn't happen on a global scale, but the problems we'd have to face to get to a position where it's the best choice are amazingly scary. Global hyper inflation would destroy market confidence, even a reset would cause so many millions of problems. 500 days ago | Side: yes
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no, because that would make The U.S., China, Russia, ect. all be exactly as rich as Africa. Every country would then all be the same. Although it sounds like a good idea, doing this would pretty much wipe out any victory any country had in the past. 500 days ago | Side: No
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