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The value of currency like other things is governed by supply, so destroying some does not damage anything real in the world, just increase the purchasing power
by 6AA4FD 6mo ago
The value of currency like other things is governed by supply, so destroying some does not damage anything real in the world, just increase the purchasing power of the other dollars in circulation.
- chungusamongus 6mo agoYou're describing deflation which leads to job losses. If you do nothing else, the policy you're advocating for would lead to a recession, if not a depression.
- actionfromafar 6mo agoYes, but it would be the first recession to hit poor people less I guess
- chungusamongus 6mo agoNo. It would hit them the hardest.