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For every debt there's a debtor and a debtee. For the first debt is a liability, while it's an asset for the second.
by littlestymaar 10mo ago
For every debt there's a debtor and a debtee. For the first debt is a liability, while it's an asset for the second.
- staplers 10mo agoand liabilities are always paid back in full and never smoothed over with money printing bailouts.
- littlestymaar 10mo agoI don't understand the point you're making. All kind of assets can lose value overnight, be it stocks or real estate.
- staplers 10mo agoLending on no reserve secretly doubles the money supply, sometimes even more if repackaged multiple times. It creates a highly risky financial environment that taxpayers inevitably are forced to bailout (usually through layoffs and hyperinflation). Time and time again.
- immibis 10mo agoIt's crazy how far you just tried to change the subject. At first you were claiming loans aren't assets, which is uncontroversially wrong. Now you're claiming lending creates money, which is a completely different statement, and uncontroversially true