Re:Why Don't People Manage Debt Better?
by ethbro on Friday February 19, 2016 @02:57PM
(#11136139)
Ceteris paribus, the time value of money is a valid consideration. Not sure you read through the entire link and thought about how it applies to both sides of a lending transaction. You may have reasons to disregard it personally, but in an equal comparison being able to spend $X and paying $X Y days from now is strictly preferable to paying $X today.
It's essentially the bedrock of the modern financial system.
It's essentially the bedrock of the modern financial system.