View Poll Results: Do you agree with the statement in the OP?

Voters
27. You may not vote on this poll
  • Yes, I agree.

    2 7.41%
  • No, I disagree.

    20 74.07%
  • Other

    5 18.52%
Page 3 of 3 FirstFirst 123
Results 21 to 23 of 23

Thread: More Debt = More Wealth

  1. #21
    Educator Gabriel's Avatar
    Join Date
    Jun 2010
    Last Seen
    10-07-10 @ 08:38 PM
    Lean
    Other
    Posts
    1,019

    Re: More Debt = More Wealth

    Quote Originally Posted by Harry Guerrilla View Post
    Well it depends on what kind of money system your talking about.
    With fractional reserve lending removed, yea our currency would deflate heavily.
    But there would still be money, less of it and more valuable.
    hrm.. interest makes it impossible to pay off more then you borrowed.

    EDIT: that would also include the government paying it's debt off.
    Last edited by Gabriel; 07-07-10 at 03:26 AM.

  2. #22
    Educator
    Join Date
    May 2010
    Location
    Germany
    Last Seen
    09-15-10 @ 05:21 PM
    Gender
    Lean
    Undisclosed
    Posts
    1,008

    Re: More Debt = More Wealth

    Quote Originally Posted by Mellie View Post
    Do you agree with this statement - "The more money you borrow, the wealthier you are."
    No, I dont agree, unless you find a way to use the money you borrow to make more money than the interest you will have to pay for borrowing it.

  3. #23
    Frankernaut peepnklown's Avatar
    Join Date
    Jan 2009
    Location
    California
    Last Seen
    10-16-15 @ 04:01 AM
    Gender
    Lean
    Libertarian
    Posts
    607

    Re: More Debt = More Wealth

    Iím wealthy!
    I have 600,000 in debit and I make 10,000 a year, YAY!
    'The whole universe is going to die!'

Page 3 of 3 FirstFirst 123

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •