2/28/15

Food for thought


Debt is an increase in current spending and decline in future spending unless the debt generates an income stream to repay principal and interest.
 
More debt that is either unproductive or counterproductive is the path towards instability, disinflation and poor economic growth, not better economic performance.
 
Dr. L. Hunt

1 comment:

Russ Janson said...

A brilliant definition of debt.