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joenot443 3 hours ago

It's a cool little analogy, one I'd never heard of before

https://www.econlib.org/archives/2012/01/an_answer_to_a.html

> True, at the beginning each resident has a $100 liability. But each also has an offsetting financial asset of $100. At the end, they all have neither. So the $100 bill acts as a clearing mechanism