Hacker News new | past | comments | ask | show | jobs | submit login

It does exactly that.

But if you go deeper in the meaning of money, it's even better: when you receive money, what you actually receive is an IOU for a good or a service. E.g. when you receive $40 for fixing a computer, it means the society owes you $40 that you can claim at any time. Burning the $40 means that you fixed the computer for free, and that you don't want anything in return, and at the same time nobody can claim the $40 in your name (i.e. you didn't give the money away).

The "you should buy anything to move the economy" is a well known economic fallacy.




The point is that in real life (as opposed to an academic textbook) burning those $40 does not do anything useful or positive to anyone, while spending them or giving them away to someone would do something useful.




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: