eli5: if we hypothetically got every American to burn a $20 bill, could we slow down inflation?

Question

eli5: if we hypothetically got every American to burn a $20 bill, could we slow down inflation?

In: 0

Answer 1

No

That would be only about $7B. Say 350 million americans x $20 each = $7 billion. Thats not very much money on a big scale. In fact on the scale of inflation its essentially equal to $0. Inflation deals with giant massive numbers, not puny numbers like small billions.

Now you start talking a trillion or two dollars, and we may be in business.