I agree with you... my statements were actually specifically about 401k's, and whether or not they contribute to capital misallocation. Almost all 401k plans ar

I agree with you... my statements were actually specifically about 401k's, and whether or not they contribute to capital misallocation. Almost all 401k plans are much more restrictive than IRA accounts. Personally I think that a self-directed IRA is a fantastic vehicle where you can buy actual real estate etc, but they are so far outside the norm that they almost don't exist when speaking in generalities. I also agree about the social acceptance of consumer debt. They say you learn from your mistakes, and boy have I done a lot of learning. Resolving to get and stay out of debt is a life changing decision for sure.