3 ms·
Just like matter and antimatter, money and anti-money (debt) are created and destroyed together, and cancel each other out. When they come in contact, both are
by HPsquared 1y ago
Just like matter and antimatter, money and anti-money (debt) are created and destroyed together, and cancel each other out. When they come in contact, both are deleted.
All money creation, pretty much, is accompanied with creating a corresponding debt.
Bankruptcy sometimes deletes anti-money but the 'money' stays. I'm not sure what role interest payments have (I think that's a case of transferring money around). The bankruptcy thing seems a bit like baryon asymmetry.
- 7bit 1y agoHowever, there debt that keeps in taking. Such ist the case when in debt with a criminal Organisation. In which case current models are still lacking good explanations.
- HPsquared 1y agoAka a perpetual bond. But not always voluntary. A lot of things are like that though, it's a bit like paying a fine or a tax. Just the decision-making process is different.