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Preferring something doesn't automatically make it good or acceptable. Just like how some people prefer to smoke or prefer to gamble or prefer to drink. Regard
by apta 6y ago
Preferring something doesn't automatically make it good or acceptable. Just like how some people prefer to smoke or prefer to gamble or prefer to drink.
Regarding your point, debt today is only cheaper because it is available and widely pushed by the government through banks. If lending money on interest were hypothetically banned, then everything would have to change, and we'd have a fair equilibrium.
- closeparen 6y agoWhat exactly is the moral framework that makes equity financing okay but debt financing not? The financier is still getting a consideration in exchange for his capital.