Credit is neither good nor evil. Some economists point out that credit is not even necessary, but most would agree that credit has enabled many individuals and companies to grow much faster than they otherwise could have. However, not many would challenge the claim that credit has also ruined the lives of many, even though modern society has (somewhat) moved away from debtor’s prisons. FULL ARTICLE
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2 comments ↓
The way that the government uses credit is definitely evil. They borrow on our future, our children’s future, our grandchildren’s future – and beyond. These trillions and trillions cannot be repaid.
All these crazy credit expansions are just adding to the money supply and making our money worth less and less every year.
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