Friday, 24 October 2008

Why debt aint all bad

From The Economist.

"Ultimately, debt is a way that people bet on their own futures, placing a wager on their own ability, cleverness, diligence and luck. When those bets fail, the consequences for the loser can be sad. But the world is a better place, on the whole, if people have the right to make such wagers in the first place."

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