>the future more valuable than the present to pay off that debt.
Your comment seems to imply something negative about debt, when in fact it's exactly the answer you're looking for. Debt allows people to build things now at the expense of future earnings; it pulls forward technological advances.
Surely there are better ways to organize society, but easy debt is not inherently terrible.
Your comment seems to imply something negative about debt, when in fact it's exactly the answer you're looking for. Debt allows people to build things now at the expense of future earnings; it pulls forward technological advances.
Surely there are better ways to organize society, but easy debt is not inherently terrible.