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The solution to inflation is to destroy money

submitted by Paradoxical003 to whatever 1.9 yearsJun 17, 2022 15:31:42 ago (+17/-1)     (whatever)

I was recently asked how my country could deal with inflation, I said just chuck it in a pit and burn the damn things to ashes.

With each dollar bill destroyed, the dollar as a whole gains more value on the market.

It's a good way to increase the purchasing power of our money, its been done before and has worked brilliantly each time it was tried, so why doesn't the government just do that?


47 comments block

oldblo -6 points 1.9 years ago

Everyone causes inflation. Thats the natural result of trying to prosper as an individual.
The lack of self sufficiency and group solidarity plays a big part.
But yeah I know what you mean.