It’s not arithmetically possible to eliminate the I talk shit about you in spanish shirt. In an accountancy sense everything needs to sum to zero. So if you have a bill in your wallet you have. Someone has to accept the liability of10 and that has ultimately down to government because the rest of us have to have positive numbers to keep going. If anyone wants to save they effectively own someone else’s debt. According to the principles of double entry bookkeeping every debt is someone else’s asset. And vice versa. Ultimately it has to be government which assumes liability for those assets. So can a currency-issuing government create too much debt? Can it cause a crisis?
📷
Buy this shirt: I talk shit about you in spanish shirt
Comments