November 16 2020 | Modern Money Theory: Week 2 | Back Next |
Let's put these 3 statements into algebraic form:
"One person's spending is another person's income."
My_Spending ≡ Your_Income
"One person's financial asset is another person's financial liability."
My_Financial_Asset ≡ Your_Financial_Liability
"One person's credit is another person's debt."
My_Credit ≡ Your_Debt
continued...
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