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To: Valuepro who wrote (61924)	10/26/2008 3:26:06 PM
From: benwood	Respond to of 78410

Maybe that's where we have the disconnect? Only a small fraction of money is actually in currency. I agree that currency just gets replaced when it's worn out, hence is never (for all practical purposes) destroyed. But credit is money, in effect, and credit hence money can and does get destroyed. CBs will fight that battle to the death: it is their mandate to create inflation (and it is also their job to position themselves in the sheeple's eyes as 'inflation fighters'). History is littered with examples of money being destroyed, e.g. Confederate paper currency that mostly vanished (although the .01% still around has value as a collectible).