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?

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Answer 1

Not even close.

There are, give or take, 320M Americans. If every single one of them burned a $20, that would take $6.4B out of the US economy.

That seems like a lot, but the overall money supply in the US is a little over $20T (the M2 number). $6B is a rounding error compared to that number.