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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

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.

[–] • 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.