>You could say "out of thin air", but its really "out of social expectations that you pay your debt eventually" You missed that- Since its 'out of thin air', t

>You could say "out of thin air", but its really "out of social expectations that you pay your debt eventually" You missed that- Since its 'out of thin air', the interest on this debt is artificially low. When interest rates around 0, things that would otherwise be a bad decision, become feasible. Or, things that are a good idea, are sold and the cronies who get the loans make even more money.