[neilwilson]

If I have a debt of £50 and you have the corresponding £50 asset that you like to look at, then you don't need any material amount of energy to get to that state of happiness.

I have to remind people all the time of a simple truth - there isn't a one to one relationship between money and stuff.

And money isn't real. It's largely an illusion. At best a social relation.

[peteradio]

If I mortgage the singular life supporting planet we are aware of and don't pay back the debt...

[neilwilson]

Then whoever gave you the debt will be bankrupt, and whoever you paid the debt to will be rich.

Money doesn't stop at its first use. And debt is nothing more than allowing you to spend the real thing without selling it first.