“Are you denying that the counterpart of a government liability is an asset held outside government, …?
— AXEC (@EgmontHandtke) April 10, 2026
The logic of differentiation is not so simple as it seems.‡ In any case, the idea of asset and liability presupposes two persons/entities.
Differentiation is an unfolding… pic.twitter.com/82s44G1R1z
“Aggregation is not nonsense; it is standard macro accounting.” (Tally Sticks)
— AXEC (@EgmontHandtke) April 10, 2026
You should know that “standard macro accounting” is provably false. Your argument is entirely beside the point. A false theory does not become true when referenced to another false theory. Both are…