Debt is not dumb. Managing your debt in a bad way is dumb. You may want to see the following illustration by Ray Dalio about how debt complements the economy:

Debt is not dumb. Managing your debt in a bad way is dumb. You may want to see the following illustration by Ray Dalio about how debt complements the economy: https://www.youtube.com/watch?v=PHe0bXAIuk0 https://www.youtube.com/watch?v=PHe0bXAIuk0