November 16 2020 | Modern Money Theory: Week 2 | Back Next |
Subtract right-hand side of each equation from both sides
... thereby regrouping all terms on left-hand side
My_Spending - Your_Income ≡ 0
My_Financial_Asset - Your_Financial_Liability ≡ 0
My_Credit - Your_Debt ≡ 0
Rewrite left-hand side as sum of 2 numbers -- one positive, one negative
My_Spending + (- Your_Income ) ≡ 0
My_Financial_Asset + (- Your_Financial_Liability ) ≡ 0
My_Credit + (- Your_Debt ) ≡ 0
The terms on left must add up to 0
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