3 ms·
That's not money creation because neither A or B can take anything about that to a checkout counter. :-)
by whatshisface 4y ago
That's not money creation because neither A or B can take anything about that to a checkout counter. :-)
- JumpCrisscross 4y ago> neither A or B can take anything about that to a checkout counter Of course they can. "Can I get a beer, I'll settle up next week, A owes me."
- keeganpoppen 4y agogood luck using that one next time you're at the bar...
- JumpCrisscross 4y ago> good luck using that one next time you're at the bar I have? Card didn’t run at a bar I’m a regular at. So they said I could settle up later. Bar tabs are an old form of credit.
- TekMol 4y agoYet B has to pay taxes for it. The government will say "Oh, there is $100 more on your books! You have to pay us $25.". If that $100 in the books is not money, what is it?
- whatshisface 4y agoIt is something taxable on the books.