Empirical studies across multiple economies consistently demonstrate that increases in the money supply drive inflation, supporting the inverse proposition that reducing money in circulation dampens inflationary pressures.
The claim states that removing money from circulation reduces the overall money supply and dampens inflationary pressures. Multiple papers ([0], [3], [5], [6], [11]) empirically support the core premise that money supply and inflation are positively linked, meaning contractionary monetary conditions or lower money growth help control inflation. None of the provided papers refute the positive relationship between money supply and inflation. Therefore, the verdict is SUPPORTED.