Re: Big purple digit

William December Starr <wdstarr@[EMAIL PROTECTED]
> wrote:
> I understand that they can always put more currency into
> circulation, but do they have the ability to (significantly,
> meaningfully) *reduce* the supply of currency if they want to?

Countries that, unlike the US, revoke old currencies certainly can.

Anyhow, old paper currency wears out fairly quickly.

And raising inflation or interest rates or both will motivate people
to put their currency in a bank, which can then be required to hand it
over to the government.
-- 
Keith F. Lynch - http://keithlynch.net/
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