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These changes would destroy money market funds, at great cost to investors, state and local governments and the economy".
To make matters worse, the financial sector can create and destroy money without direct action by the central bank.
To seek to destroy money is to seek a return to barter and the destruction of all global trade.
Too much wealth does, effectively, destroy money.
Taxation does not destroy money, it recycles it.
Similar(55)
In reality, British nuclear power stations are machines for destroying money.
Dhaval Joshi of BCA Research says that "banks have destroyed money just as fast as the ECB has created it".
In other words, LeBronaffects the local economy in the vein of the third law of thermodynamics: he neither creates nor destroys money, only redistributes it.
The Institute of Policy Studies in Colombo has calculated the cumulative cost of the war at 170% of the country's 1996 GDP, including property destroyed, money spent on the army, damage to tourism, foreign investment forgone and so on.
Our trusted idiots have destroyed money itself.
The deleveraging of debt and the bursting of asset bubbles destroys money leaving fewer dollars to chase goods and services – the very definition of deflation in prices.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com