Toban Wiebe, a brilliant young economist of my acquaintance, writes In Praise of Consumer Debt: Debt is a wonderful thing. But many intelligent and responsible people have debt aversion, believing that the optimal level of debt is zero. They proudly brag when they’ve paid off their mortgages that they are debt-free. This is flat out stupid.
Debt is worse than you think
Debt is worse than you think
Debt is worse than you think
Toban Wiebe, a brilliant young economist of my acquaintance, writes In Praise of Consumer Debt: Debt is a wonderful thing. But many intelligent and responsible people have debt aversion, believing that the optimal level of debt is zero. They proudly brag when they’ve paid off their mortgages that they are debt-free. This is flat out stupid.