{"id":33180,"date":"2026-08-25T14:36:29","date_gmt":"2026-08-25T19:36:29","guid":{"rendered":"https:\/\/dinarupdates.com\/observer\/?p=33180"},"modified":"2026-08-25T14:36:29","modified_gmt":"2026-08-25T19:36:29","slug":"militia-man-818","status":"publish","type":"post","link":"https:\/\/dinarupdates.com\/observer\/?p=33180","title":{"rendered":"Militia Man"},"content":{"rendered":"<p><strong><span style=\"color: #c23b3b;\">Militia Man &#8211; Dinar Guru<\/span><\/strong>\u00a0 \u00a0<em>Purchasing power vs. redenomination\u00a0 &#8211;\u00a0 What&#8217;s the difference?<\/em>\u00a0\u00a0<strong>With a redenomination there&#8217;s no purchasing power.\u00a0 It does &#8220;ease of use&#8221;<\/strong>&#8230;<strong>A straight redenomination, simply deleting zeros and issuing new notes, changes the unit of account &#8211; 1,000 old dinars become 1 new dinar or 10,000 become 10, depending on how many zeros deleted.\u00a0<\/strong>\u00a0It&#8217;s that simple.\u00a0 Prices, wages and contracts are rewritten by the same factor on paper.\u00a0 Nothing about the economy&#8217;s productive capacity, export earnings, reserve coverage or institutional trust is automatically improved.\u00a0 Redenomination does none of that.\u00a0<strong>\u00a0If the underlying conditions are weak, the new notes can lose value just as the old ones did&#8230;History is full of examples where zeros were removed.\u00a0 Inflation simply continued until new face.\u00a0 I don&#8217;t think Iraq fits that.\u00a0<\/strong>\u00a0[Post 1 of 2]\u200b<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Militia Man &#8211; Dinar Guru\u00a0 \u00a0Purchasing power vs. redenomination\u00a0 &#8211;\u00a0 What&#8217;s the difference?\u00a0\u00a0With a redenomination there&#8217;s no purchasing power.\u00a0 It does &#8220;ease of use&#8221;&#8230;A straight redenomination, simply deleting zeros and issuing new notes, changes the unit of account &#8211; 1,000 &hellip; <a href=\"https:\/\/dinarupdates.com\/observer\/?p=33180\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-33180","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p8gMgY-8Da","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts\/33180","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=33180"}],"version-history":[{"count":1,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts\/33180\/revisions"}],"predecessor-version":[{"id":33181,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=\/wp\/v2\/posts\/33180\/revisions\/33181"}],"wp:attachment":[{"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=33180"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=33180"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dinarupdates.com\/observer\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=33180"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}