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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

Wouldn’t you have to let everyone who uses dollars know that you destroyed yours?

[–] • 0 pt

No. Why would that be necessary? value, purchasing power is a nebulous stat that people don't really think about or track unless they're in that type of economics.

[–] • 0 pt

Is purchasing power reflective of how much money people think exists, or how much actually exists?

Like you said, not my area of expertise.

[–] • 0 pt

Actual but it's based off of the value of that money. A $1 that can buy a can of Campbell soup has more purchasing power than $3 that can only buy one.