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by ponow
822 days ago
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We should use debt only as much as necessary. Normalization, promotion, even subsidy of debt leads people to make poorer choices and to think in the short term. It destabilizes the world, and sets up traps for the many naive people, traps that benefit lenders. |
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Whether something is good or bad depends on how well or how poorly you use it. Its not intrinsically good or bad.