Yeah, I don't consider what is essentially a guaranteed default to be an asset lol
I'm also not convinced that Fiat and debt are actually all that different, but that's a minor point I guess.
Discussion
Look how close debt is to real estate. Most people have mortgages, even landlords and builders.
Add a bit of fiat to the mix, voila double entry book keeping, except we forgot to put the liabilities on the opposite column 😂