News for hackers. Stuff that matters.

A comment on The KLF: Chaos, magic and the band who burned £1M. Parent comment

Re:The KLF: Chaos, magic and the band who burned £1M by flohofwoe on Saturday February 04, 2023 @06:19AM (#34653575)
Would it have been better if they spent the money on "coke and hookers" like it was expected from "proper" rock stars?
[ Parent | on HN ]
Re:The KLF: Chaos, magic and the band who burned £1M by Baeocystin on Saturday February 04, 2023 @03:21PM (#34657828)
Just speaking my personal opinion- it's still a a waste, but at least the money would have been put back in to circulation. Better than burning it, at least.
[ Parent | on HN ]
Re:The KLF: Chaos, magic and the band who burned £1M by wpietri on Sunday February 05, 2023 @06:49PM (#34671193)
Burning money does not destroy value. If the money supply decreases, the remaining money ends up being worth proportionally more.
[ Parent | on HN ]