Debt is owing money to someone else, and it usually carries interest along with. Like my post on inflation I don’t care for people in debt unless it’s debt that they couldn’t afford to take. Those who are in massive credit card because of the lame excuse of predatory lending should lose everything they own, afterall they did sign contracts saying that they would pay it back. I feel that whether they take your car, or all your money that’s what a debtor owes. Either way it’s the right thing, unless you think that you should be bailed out because you couldn’t resist tempation. Hahaha…. I laugh at your pain.
Economics & Everything elseThe blog about human needs and limited resources
