What? This is not true at all. Debt is a loss, never a win.
Youre probably referring to USA winning while having the most debt?
Discussion
Yes. But also, with hard money, you're paying a premium to get access to money sooner. With debt in a rapidly devaluing money, the purchasing power of your debt is erroding so what you're paying back later is significantly less valuable.
Imagine buying a 10 million dollar home in Argentina at the beginning of the year with a 20 year mortgage. With inflation well over 100%, any interest rate below that and you are netting the difference in value.
You pay more in fiat terms but pay significantly less in purchasing power.
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.
90% of this is "sovereign debt" spend on political welfare + pleasing votebank in past 50yrs - rest corp - personal debt is lowest % of all most countries. individuals lowest borrowing power n pay highest % taxes
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
That's not debt at all.
Well that's clear. Why is debt morally wrong?