submitted 1 week ago by lriv724@discuss.online to c/asklemmy@lemmy.ml

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I have an economics teacher that made this claim in class yesterday. I wanted to know other people’s thoughts about it.

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[-] iii@mander.xyz 0 points 1 week ago* (last edited 1 week ago)

One party's debt is another party's asset.

So yes, cancelling a debt looks the same as stealing cash in the issuing party's bookkeeping.

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this post was submitted on 06 Dec 2024

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