2024-11-26 Hacker News Top Articles and Its Summaries
1. Setelinleikkaus: When Finns snipped their cash in half to curb inflation Total comment counts : 24 Summary Summary: In response to the post-World War II economic challenges, Finland implemented a unique monetary policy known as “setelinleikkaus” or banknote cutting. On December 31, 1945, Finnish citizens were mandated to cut their largest denomination banknotes in half. The left halves could be used at half their original value, while the right halves were to be registered and converted into government bonds with a 2% annual interest, maturing in 1949....