Money gets created in the USD economy all the time, whether by invented debt, cash printing, or the issuance of bonds. Does that money actually represent wealth? Does the USD economy actually contribute anything of value?

So let’s say you wanted to permanently remove value from the USD economy for some reason. What’s the most effective and impactful way to “burn money?” Not spend it. Not acquire it. Destroy it, with the goal of taking that value out of the economy.

Burning/ shredding physical cash seems really inefficient. Maybe the answer lies in devaluing real estate?

This is all hypothetical so assume whatever resources or labor you want.

  • Bartsbigbugbag@lemmy.ml
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    2 days ago

    That’s called taxes. That’s literally what taxes are, destruction of currency. Go pay your taxes to the treasury in cash, they will literally shred it.