National Debt was paid off?

Countries didn't owe banks money from taking part in wars.
Mortgages were all paid off
Society didn't have any credit card/overdraft debts.

Its never going to happen, but i do remember someone telling me that if it did happen, the world would go into economic meltdown or something?

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The Midnight Collective MySpace

it would be a sign of the apocalypse!

I would be very interested in hearing about a debt free planet.


Any reading material or references would be greatly appreciated

It's a sign of the weak confidence of the investors. So, in an opened economy, with a permanent competition it's impossible. 0 debts = generalized Communism.

completely right. debt and credit is a good thing

Servicing debt is too useful as a prosperity sink to be abolished

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Светопресавление
your pearl casting hero

id loan my money to people at ridiculous rates

it would lead to a global zionist/alien-human hybrid taking over planet conspiracy

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