For me it is too dangerous for the safety of the puppy to allow it any chance to commit such destruction. It also paves the neural pathways for this behavior to happen again. (And again)
I take great pains to PREVENT a puppy any chance to be destructive, and take every chance to make sure the puppy gets a payoff for choosing the right things to chew when I am home and the puppy is loose in the house. (under my direct supervision, of course)
You can read my puppy training philosophy about this here:
Why Your Puppy Needs A Toybox