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An Immoral Level of Debt

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By Chris Martenson
April 8, 2008

An Immoral Level of Debt

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By Chris Martenson on
April 8, 2008
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Tuesday, April 8, 2008 Are the current levels of debt in the US placing an immoral burden on succeeding generations? Here I make the argument that they are. (Note: This is an updated version of an article I wrote in 2006.) Here’s what we know about debt.   Debt comes in two forms. The first is called, in banker parlance, ‘self-liquidating debt,’ and represents borrowing that will boost economic activity and therefore will stand an excellent chance of ‘paying itself back.’ The simplest example would be a case where you could borrow money at 5% but loan it out, risk free,

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