Our two-faced money
Every Dollar, Euro, Yen, and so forth, is two-faced: an asset for one, and a debt (a liability) for another. One party owes; another party is owed. This is the case for both paper and electronic versions of our money.
![](https://assets.zyrosite.com/cdn-cgi/image/format=auto,w=597,h=504,fit=crop,trim=14.615841584158416;0;14.615841584158416;0/mnl5wbepe4fpweRX/atgb1_two_faced_money-dWxlOj4x5ZUQw9vW.png)
![](https://assets.zyrosite.com/cdn-cgi/image/format=auto,w=328,h=277,fit=crop,trim=0;0;0;0/mnl5wbepe4fpweRX/atgb1_two_faced_money-dWxlOj4x5ZUQw9vW.png)
Every Dollar, Euro, Yen, and so forth, is two-faced: an asset for one, and a debt (a liability) for another. One party owes; another party is owed. This is the case for both paper and electronic versions of our money.