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This view point is never endingly naive. The confidence which people who never seem to have a deep grasp on the topic repeat it never gets old. They are issuin
by anm89 4y ago
This view point is never endingly naive. The confidence which people who never seem to have a deep grasp on the topic repeat it never gets old.
They are issuing fixed coupon, fixed term credit obligations. What do you want to call it? A bicycle?
There happens to be a word for this particular scenario where someone lends you money and you create a contract to pay it back. It's called debt.
The entire finance world isn't reworking itself around your misunderstanding of the issue.
- IshKebab 4y agoYou've missed his point. He isn't misunderstanding the term "debt", he's just saying there should be a different word for "good debt" that doesn't have the negative connotations that it does with personal debt. I guess kind of like how mortgages aren't seen as bad even though they're debt. Fairly safe debt, sure. But still debt. I don't know if a new word would help but you've misunderstood anyway.