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Sidestepping from the topic of Argentina a bit. Isn't debt always some form of trap, for people or government? I do get the idea of borrowing to generate more i
by Incipient 4y ago
Sidestepping from the topic of Argentina a bit. Isn't debt always some form of trap, for people or government? I do get the idea of borrowing to generate more income (eg a port) but too often doesn't that income just go to borrowing more? Gradually committing more and more gdp/income into non-productive repayments?
- foogazi 4y ago> Isn't debt always some form of trap, for people or government? Always ? I don’t think so For example fixed rate mortgages don’t feel like a trap