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submitted 5 days ago by [email protected] to c/[email protected]

54 comments fedilink hide all child comments

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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[–] [email protected] 0 points 5 days ago* (last edited 5 days ago) (1 children)

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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