Replying to 516add19...

I understand that. But morally debt is wrong so its best to avoid it entirely. There are many things that will give me more money or an upper hand, that doesnt make it right.
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Powermeat 2y ago

Why morally wrong? If someone has a car or any other asset that I want to borrow, is that also morally wrong to pay them to loan it to me

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516add19... 2y ago

That's not debt at all.

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Powermeat 2y ago

Well that's clear. Why is debt morally wrong?

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Powermeat 2y ago

I've thought about it and while I don't see anything wrong with me borrowing money and paying interest for you to loan it to me, I agree it's morally wrong for someone to create new money, devaluing everyone else's money, to loan it out and then earn a profit on that

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516add19... 2y ago

Great point. 🫡