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Why not destroy the money? That way it increases the value of all the other dollars and benefits everyone.
by Sorgam 12y ago
Why not destroy the money? That way it increases the value of all the other dollars and benefits everyone.
- lukifer 12y agoI'd much rather the punishment was in the form of time (community service, etc); a monetary fine disproportionately punishes the poor over the rich, but losing four Saturdays stings for just about everybody.
- AnthonyMouse 12y agoThe federal reserve would then have to create new money to replace what was destroyed or it would cause deflation (which is very bad), so what you're suggesting is equivalent to giving the money to the federal reserve.