[nunez]

Not all debt is created equal.

If you are opening an airline, you need to buy aircraft (amongst many other things). (Commercial) aircraft are extremely expensive but generate generate value long after they are acquired. It is a lot cheaper to incur devt by leasing those planes than it is to buy them outright.

Personal debt is different, in most cases, and is a lot closer to the reality of your statement. I’m spending about $11,000 for our wedding, all inclusive. I paid for that with a credit card. I can’t make revenue off of that wedding outright (though I guess it can become an asset if an epic YouTube video comes out of it and becomes a viral sensation that survives the test of time), so that debt isn’t useful. But I made a risk calculation that me paying for everything upfront and paying for it later is more important than waiting the n years it would take to save for that wedding and pay everything in cash. That decision _could_ bite me in the ass in a few years when IT is 100% automated by ML/AI putting the cloud into the blockchain, but I made that decision assuming that that wouldn’t happen. :-)