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> He said it allowed people to think of the debt in a bottomless way: once you’ve accumulated some, why not a little more? After all, the first little bit didn’
by brianpan 3y ago
> He said it allowed people to think of the debt in a bottomless way: once you’ve accumulated some, why not a little more? After all, the first little bit didn’t hurt us, did it?
Isn't this exactly how people mismanage financial debt? If anything it shows the analogy is a good one.
- zizee 3y agoAt least with financial debt, the lender is doing their own due diligence, and is explicit with their book keeping, and repayment terms.