alt Hacker NewsThe 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.
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.
You'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.