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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.

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[–] • 0 pt

So purchasing power is based off of the value of actual money, but the value, being primary, is based off of perception of what? Purchasing power? This seems fucked up enough to be real.

[–] • 0 pt

No. You're mixing up "Value" with what's printed on the bill. They aren't the same in this context. Inflation doesn't change what's printed on a bill but inflation does change the purchasing power (value) of what is printed on that bill. Inflation causes that $20 bill to no longer be able to purchase as much as it did yesterday.

[–] • 0 pt

What I meant by “value” was how much a seller will give you for your twenty. I think by this, you mean purchasing power. So they are the same.
Here’s a hypothetical In the distopian future, You want to buy my cheese log with bullets. You offer me one bullet. I say screw you, give me five, thinking you have 1000 bullets and that there are about 10,000 bullets left among people who trade bullets. So the purchasing power of five bullets is one cheese log, at the moment. Problem is, unbeknownst to me, you fired of 995 bullets, and everyone else fired all of their bullets celebrating at the gay pride parade the night before. Then everyone was eaten by bears, so no one knows this happened. No one knows these are the last five rounds in existence. So the purchasing power of a bullet should be much higher.

So it seems that if a vendor is to know the actual value of a bullet, she/they/zkenox must know what’s going on, to a certain extent, with the rest of the currency.

[–] • 0 pt (edited )

You're inserting bartering into something talking about currency. While your point has merit it's inapplicable. Yes there is a "problem" with people not knowing a few things about currency, what the sum of printed values on all currency is and how much value each unit of currency has as well as how much value the whole has. The discussion or arguments on this topic always devolve down to the low IQ adage "fiat bad!!!" completeling missing the idea that even the value of gold is fiat. As you pointed out it's all perception. All value is man-made, all value is fake when it comes to the idea of trade.

For example, when my father dies I get his Firefigher's badge. That will hold far far far more value to me than to you. It's a brass badge. It's value to you is what you could get for it melted down. It's value to me eclipses that significantly. If it were gold it would be worth more to me than it's weight in gold as well.

e; My $1 bill right now can't buy very much. Not even a pack of gum anymore. 200 years ago a $1 bill could by quite a lot. Could probably feed a family of 5 of good food. That's "value" despite $1 being printed on both, that's the purchasing power of the $1, more then than it is now.