Using debt to buy a depreciating asset is fine in a lot of situations, and different people are in different situations. For example, I'd rather have $20k in ca

Using debt to buy a depreciating asset is fine in a lot of situations, and different people are in different situations. For example, I'd rather have $20k in cash and a 3 year 1% loan for a car than have $0 in cash and no loan. Making hard rules about debt is what gets people into trouble in the first place. We need to spend some time teaching/learning how to reason about debt in order to make these decisions.