entity · derived
Burning
Derived node: assembled mechanically from the claims carrying burning. A roster, not an adjudicated definition.
Every claim under this term
- 3402701-008 : Under the quantity theory of money, minting twice as much currency halves its price and burning half of the existing currency doubles it, which is the mechanism by which a supply rule can theoreticall
- 3402701-009 : The quantity theory calculations behind minting and burning hold only in the ideal case; in practice the success of a stabilization scheme depends on how the money is actually printed, distributed or
- 3402701-013 : Bonds are the appropriate burning mechanism for a temporary drop in currency price caused by larger economic instability such as an act of God or war, since bonds can be redeemed above their sale pric