Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and the Yahoo Answers website is now in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.
Would burning money prevent inflation?
We know how there’s been a mass amount of money printed in these past couple of years, to the point where inflation might soon be an issue, but would it be possible that if a particular amount of it ended up getting burned, shredded or just destroyed in some capacity, might be able to offset it slightly?
3 Answers
- rickLv 72 weeks ago
A certain amount of inflation is desirable. So far, in the USA it hasn't been enough to warrant any artificial means of controlling it.
- ?Lv 72 weeks ago
Based on the exchange equation, yes it is. We, a citizen, can reduce the money supply to save the nation. But who can burn the dollar, or M1 of the money supply or even the demand deposit accounts. We have earned our hard money. Try to remember the suffering in the work place during the working hours. Can Bill Gates do it for us? I don‘t think that you are looking at your purse to ask this question.
- ?Lv 72 weeks ago
The money that is being printed isn't being mailed out to people, it's circulated through the banks. Old cash out, new cash in.
