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by OutOfHere 173 days ago
You're just so used to a debt fueled economy that you can't think of it being any other way. That is the problem though in that 99 times out of 100, debt goes rogue in a runaway sense and blows up the system. It is a time bom.

In essence, debt doesn't need saving from the system; it's the system that needs saving from debt.

1 comments

An economy that can be debt based is going to out perform yours nine years out of 10
Sure, but it will be gone after a hundred years of compounded debt.
A system that lasts a hundred years before failing is a successful system. This reminds me of comments about bankrupt companies that made massive profits for 10 years, calling them failures. That's a success and the comment is sour grapes.