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Living debt free feels great, and is a huge privilege. Debt is perhaps the biggest economic driver humans have invented. It gives people leverage they would not
by flatline 3y ago
Living debt free feels great, and is a huge privilege. Debt is perhaps the biggest economic driver humans have invented. It gives people leverage they would not otherwise have. College. Small business. Home improvement. Of course there is the downside of usury, payday loans, cc debt, medical debt, inflated education expenses, and all the other troubles caused by debt. But well-chosen debt can be a godsend.
- neon_electro 3y agoEspecially when it's interest free - thanks, BNPL startups and venture capital! I appreciate interest free loans at your expense.