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A comment on Understanding Debt. Parent comment

Re:Understanding Debt by hnnewguy on Monday February 09, 2015 @03:38PM (#9023537)
>It means you can buy an expensive good like a house or a car now and pay for it later. As opposed to saving for years and then getting the car.

What about debt to build businesses or infrastructure that creates real wealth?

[ Parent | on HN ]
Re:Understanding Debt by crazy1van on Monday February 09, 2015 @08:39PM (#9024922)
Debt is a fantastic tool for all kinds of good things from buying cars to seed money for businesses. But in both cases, the person/entity who loaned out the money is expecting to get paid back eventually.
[ Parent | on HN ]