Debt is a way to invest in the future. If the world is taking out debt and the investment is in enhanced productivity, better health outcomes, etc. then the deb

Debt is a way to invest in the future. If the world is taking out debt and the investment is in enhanced productivity, better health outcomes, etc. then the debt is good because it more or less pays for itself. If the debt is used to make bad investments, things that won’t necessarily benefit anyone, then it’s bad. It becomes not so much an issue of never having to pay the debt back because we owe ourselves and can ultimately write it off, but an issue of, at a certain level of easy credit, is it possible that it becomes impossible to keep making good investments. There’s definitely a balancing act in how much world debt is too much.