We haven't really had any problems with Buddy chewing up things. He will rip up any paper that you leave on the ground though, but he has his own toys to play with, like Mr Squeaky here, which was a present from Cody.
When I was a kid we had a Labrador who chewed furniture, seriously chewed, turning chair legs in to match sticks. So I have been pleasantly surprised that Butterscotch has not been destructive at all. He will often drag our shoes around the house but he doesn't bite them, and we try to make sure that valuable things aren't left on the floor.