Possibly. And likely. But there’s probably going to be a period of painful years for most of the population before finances stabilize. Can’t magically switch systems overnight. And the expectation things will immediately improve following the completion of any such switch is probably more naive then anything.

People, Businesses, and the Economy would need time to adjust. Prices would have to be recalculated. The Value of Labor would change. Given the worth of the currency changed. Which means payroll is different. Which means businesses need to recalculate their budgets to account for the state of the currency and it’s value. As well as associated costs of running a business

Undoubtedly things would readjust. But it’ll probably be quite a while before it became truly stable.

Possibly. And likely. But there’s probably going to be a period of painful years for most of the population before finances stabilize. Can’t magically switch systems overnight. And the expectation things will immediately improve following the completion of any such switch is probably more naive then anything.

People, Businesses, and the Economy would need time to adjust. Prices would have to be recalculated. The Value of Labor would change. Given the worth of the currency changed. Which means payroll is different. Which means businesses need to recalculate their budgets to account for the state of the currency and it’s value. As well as associated costs of running a building.

Undoubtedly things would readjust. But it’ll probably be quite a while before it became truly stable.