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What would happen if...
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| dj_mdma |
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? :conf: |
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| daves |
| it would be a sign of the apocalypse! |
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| jdat |
I would be very interested in hearing about a debt free planet.
Any reading material or references would be greatly appreciated |
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| d-miurge |
| 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. |
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| Sunsnail |
| completely right. debt and credit is a good thing |
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| Subey |
| Servicing debt is too useful as a prosperity sink to be abolished |
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| Orbax |
| id loan my money to people at ridiculous rates |
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| yujie__ |
| it would lead to a global zionist/alien-human hybrid taking over planet conspiracy |
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