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It does exactly that. But if you go deeper in the meaning of money, it's even better: when you receive money, what you actually receive is an IOU for a good or
by otherme123 4y ago
It does exactly that.
But if you go deeper in the meaning of money, it's even better: when you receive money, what you actually receive is an IOU for a good or a service. E.g. when you receive $40 for fixing a computer, it means the society owes you $40 that you can claim at any time. Burning the $40 means that you fixed the computer for free, and that you don't want anything in return, and at the same time nobody can claim the $40 in your name (i.e. you didn't give the money away).
The "you should buy anything to move the economy" is a well known economic fallacy.
- mytailorisrich 4y agoThe point is that in real life (as opposed to an academic textbook) burning those $40 does not do anything useful or positive to anyone, while spending them or giving them away to someone would do something useful.