The (Im)Morality of Debt

Larry Janesky: Think Daily

For us or our government, three conditions must be in place for our borrowing to be righteous:

1) The amount borrowed should be reasonable compared to our resources and prospects.

2) A program of repayment should be in place from the start.

3) The repayments should take priority over any other spending.

Is your borrowing righteous?  How about your government’s borrowing?

Andrea

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