3 ms·
Friendly reminder that you cannot remove money like that from circulation (unless you literally burn it), it just goes into another account or transforms from t
by H8crilA 3y ago
Friendly reminder that you cannot remove money like that from circulation (unless you literally burn it), it just goes into another account or transforms from the digital form to the printed form. Only reducing the overall debt level reduces the amount of money.
- hestefisk 3y agoWell, you can certainly withdraw cash and stash it in your bed, pillow or mattress at home.
- H8crilA 3y agoYeah, and at the margin all it does is it incurs a small cost at the bill printing facility. Nothing else changes, since the central banks can and will freely convert base digital money into bills, without limit.
- neilwilson 3y agoYou can, but that is just a receipt for a part of a deposit held by whoever issues the notes. It's not actually the money...
- pjc50 3y agoThe difference between the various "Mnumber" values for money supply can be affected by where you put it, though.
- timthelion 3y agoActually you can remove money from circulation by buying T-bills from the fed.
- H8crilA 3y agoNo, because the money goes to whoever sold you the tbills. This may or may not be the Treasury.
- imtringued 3y agoI think he is talking about quantitative tightening.
- piperswe 3y agoIf you're buying them from the fed, then the fed sold you the tbills.
- cromulent 3y agoObligatory mention of the KLF burning a million pounds (for those who are unaware): https://en.wikipedia.org/wiki/K_Foundation_Burn_a_Million_Quid https://en.wikipedia.org/wiki/K_Foundation_Burn_a_Million_Qu...
- msla 3y agoBecause their publicity is more important than feeding the hungry.