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Destroying currency doesn't destroy wealth. It just transfers it from the person who held it to everyone who holds that currency. It's a very modest deflationa
by ianferrel 11y ago
Destroying currency doesn't destroy wealth. It just transfers it from the person who held it to everyone who holds that currency.
It's a very modest deflationary effect.
- tsotha 11y agoPrinting currency costs money, so they probably shouldn't actually destroy it. But you can certainly destroy money without destroying currency.