You might enjoy some violation for that narrative! Keep in mind we are in a *cosmic* psychosocial/financial credit crunch (except for the big players)https://twitter.com/DanielleFong/status/1261631558710185985?s=20 …
...I don't know why this is a fundamental constraint on an economy. Maybe it won't work with every system, but I don't know why you *need* liabilities rather than assets to make the world go round...
-
-
If two people own assets they are simply swapping assets between buyers and sellers. If there is a liability, it is a claim on a future claim. Holders of a reserve currency need their assets to be matched by liabilities (claims) in a currency supported by outstanding debts
-
This seems eminently constructible.
- 4 more replies
New conversation -
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.