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restoration

再建 — Institutions

Setting up again a framework that has broken.

Bronze coin of rebuilt Corinth Bronze coin of rebuilt CorinthReign of Marcus Aurelius (2nd century) Sceatta SceattaLate 7th–8th century Hyperpyron of Alexios I Hyperpyron of Alexios I1092–1118
A photograph of the real thing this term names.

⚠ The reconstruction of a currency presents two choices: restore it to its original value, or re-establish it at a devalued rate. The former harms debtors, while the latter betrays creditors. The choice is not an economic decision, but a political one.