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>It means you can buy an expensive good like a house or a car now and pay for it later. As opposed to saving for years and then getting the car. What about deb
by hnnewguy 12y ago
>It means you can buy an expensive good like a house or a car now and pay for it later. As opposed to saving for years and then getting the car.
What about debt to build businesses or infrastructure that creates real wealth?
- crazy1van 12y agoDebt is a fantastic tool for all kinds of good things from buying cars to seed money for businesses. But in both cases, the person/entity who loaned out the money is expecting to get paid back eventually.