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If money can just be created, which causes inflation by lowering the value of all dollars, newly printed and already in circulation. Then why wouldn't destroying a dollar be at least as good (in terms of the dollar's value) as printing is bad?

Who would "pay" for it?

No one needs to pay for it? You're creating more than $1 value for every $1 you destroy. Are you not?

E;

I thought it was obvious, I guess I gave you guys too much credit. I clearly don't mean the few physical dollars being the ones to be destroyed unless necessary (wear/ tear etc.) But (((digital))) dollars create through the many systems all behind (((fractional reserve))) etc.

If money can just be created, which causes inflation by lowering the value of all dollars, newly printed and already in circulation. Then why wouldn't destroying a dollar be at least as good (in terms of the dollar's value) as printing is bad? >Who would "pay" for it? No one needs to pay for it? You're creating more than $1 value for every $1 you destroy. Are you not? #**E;** I thought it was obvious, I guess I gave you guys too much credit. I clearly don't mean the few physical dollars being the ones to be destroyed unless necessary (wear/ tear etc.) But (((digital))) dollars create through the many systems all behind (((fractional reserve))) etc.

(post is archived)

[–] [deleted] • 3 pts

In sound money land sure. However, for every physical dollar that exists, millions are created in digital form. We dont even know where these dollars exist, or where they are stashed, and when you account for compound inflation and derivatives, for every dollar that is "lost", thousands are made out of thin air

[–] • 2 pts

For every dollar that was removed, two would take its place. You understand the jews can't resist counterfeiting.

[–] • 2 pts

This is a theory of function not reality.

[–] • 1 pt

In that case, the theory is sound. It just won't ever be implemented.

[–] • 1 pt (edited )

Fractional reserve banking is the main driving force of inflation.

Multiple Trillions of dollars do not exist physically.

https://archive.ph/4g6j9

The data tables below list the value and volume of U.S. currency in circulation calculated in billions. As of December 31, 2020, there was $2,040.7 billion in circulation, totaling 50.3 billion notes in volume.

[–] • 2 pts

The ultimate Jew trick , lend " money " that you don't even have.

[–] • 1 pt

Earn interest on money for which the government insures. No liability and fully insured while earning interest.

[–] • 1 pt

Your confusing supply and demand w/ jewish mysticism.

[–] • 0 pt

There is this false understanding that dollars are created physically. Many of the dollars created are just numbers in a computer. It's not like the bank you use has the same amount of paper cash that is found in all the accounts of all the customers.

[–] • 0 pt

That's right. Taxes destroy dollars. They print new dollars to pay for nigger gibs and buy steak and cake for friends. Then they take your dollars and destroy them. This controls inflation. Thanks.

[–] • 0 pt

Money is lent into existence. Zero dollars at the bank is split into a loan and debt. When the debt is paid back, the money reverts to zero. Reducing lending will stop inflation.

[–] • 0 pt

No value is created, it's just transferring the value of that dollar to all the others.

[–] • 0 pt

I didn't say value was created though. I said each of the now lower amount of dollars has more value. "value" remains static. That's what inflation is, value is X and the # of units of currency increases for no reason. So value is the same but not per unit of currency.

[–] • 0 pt

I didn't say value was created though.

You did right here:

You're creating more than $1 value for every $1 you destroy.

[–] • 0 pt

The new money is fake. It's 1 and 0 in a computer. Real dollars are real money. So no.

[–] • 0 pt

Companies do it all the time by buying back their stocks, or purchasing large volumes of stocks as they come available. Generally, it pushes up the value of the remaining stocks in the market.

It's possible. Money is theoretical for the most part anyway. The Fed can move more of the reserve into bonds vs. cash, and that reduces the money supply. Or they can monkey with the rates. I'm not an expert by any means, and I think mostly they are just making crap up as they go, but you can lower the monetary supply without actually setting fire to stacks of dollar bills.

[–] • 1 pt

But that is based on fixed quantities. Dollars are fractional whereby others in turn are fractional. It's a giant pyramid scheme.

[–] • 0 pt

You gonna do it with your dollars?

[–] • 0 pt

I'm totally suggesting individual citizens of the US physically destroy their dollars. You're retarded. I'm shocked at how retarded you are.

[–] • 0 pt

What are you suggesting then?

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