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submitted 2 weeks ago by lriv724@discuss.online to c/asklemmy@lemmy.ml

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I have an economics teacher that made this claim in class yesterday. I wanted to know other people’s thoughts about it.

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[–] iii@mander.xyz 0 points 2 weeks ago* (last edited 2 weeks ago) (1 children)

One party's debt is another party's asset.

So yes, cancelling a debt looks the same as stealing cash in the issuing party's bookkeeping.

[–] Clasm@ttrpg.network 1 points 2 weeks ago

So I guess all of those unsupervised PPP loans that were forgiven were a nice feather in the Democratic hat, then, huh?