Re:The KLF: Chaos, magic and the band who burned £1M
by mytailorisrich on Saturday February 04, 2023 @06:57AM
(#34653783)
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.
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.