Hacker News Reader

Perpetually unspent money is as if that money was burnt. You're effectively donating it pro rata to all the other holders of cash.

This is why Scrooge McDuck’s money bin is deflationary unless he were to spend it (a Barks comic covers this https://inducks.org/story.php?c=W+WDC+126-02 )

Yup. I should have noted this in my comment. That is an excellent way to conceptualize it.