We should redenominate the dollar. When you do this, you essentially create a “new dollar” or a “Dollar 2.0.” You could make 1 new penny equal exactly to 1 old dollar. No currency is actually rendered worthless and no new inflation occurs. Just a relabeling to make things more convenient. Really this is the kind of thing we should do as a matter of course every century or so.
We should redenominate the dollar. When you do this, you essentially create a “new dollar” or a “Dollar 2.0.” You could make 1 new penny equal exactly to 1 old dollar. No currency is actually rendered worthless and no new inflation occurs. Just a relabeling to make things more convenient. Really this is the kind of thing we should do as a matter of course every century or so.