Will it benefit governments,banks,people etc ?
In: Economics
There’s nothing particularly special about burning as opposed to any other way of permanently removing physical money from circulation. The simplest (at least for bills) is probably to shred it.
What affect it would have on governments, banks, people etc really depends on how much money you’re planning on destroying.
Even if it’s a few dollars that could have a serious effect on someone, as if they only have $50 and you destroy $45 of them they’re obviously in a much worse place than before you intervened.
If you want to destroy enough money to have any noticeable effects on banks you’re probably going to need to destroy tens of millions, and to affect governments you’re looking at tens or even hundreds of billions.
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