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Author Topic: Who created the myth of "good debt?"  (Read 1380 times)

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Offline CC27

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Who created the myth of "good debt?"
« on: June 01, 2010, 08:27:37 AM »
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Skidmore Donating Member (1000+ posts)  Journal Click to send private message to this author Click to view this author's profile Click to add this author to your buddy list Click to add this author to your Ignore list    Tue Jun-01-10 08:24 AM
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Who created the myth of "good debt?"
   
I first remember hearing about this critter sometime around Nineties, I guess. Where did it come from? What is it? In my experience, all debt is debt and should be paid off. What is good about it? Now if you are talking about R&D, then I don't consider that something that should be under debt, good or bad. Rather, R&D should come from profits as part of the cost of doing business and shareholders and other stakeholders should forego profit-taking until that is accomplished

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=389x8460585
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Online Carl

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Re: Who created the myth of "good debt?"
« Reply #1 on: June 01, 2010, 08:59:16 AM »
More ignorance from the economic geniuses of the world.

Here is a clue DUmmy...profits are something that flow in weekly not all in one lump sum.
That is why a company borrows and then repays from ongoing profits.
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Offline docstew

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Re: Who created the myth of "good debt?"
« Reply #2 on: June 01, 2010, 09:07:27 AM »
and I notice they haven't transferred that thinking to the federal government.  Government just needs to keep spending to "stimulate", damn the torpedoes, full steam ahead.
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Offline SSG Snuggle Bunny

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Re: Who created the myth of "good debt?"
« Reply #3 on: June 01, 2010, 09:17:45 AM »
John Maynard Keynes

Guiding light to FDR and all idiot socialists since who prefer the soft-landing of incrementalist nationalization of people's freedom as opposed to the bullet-in-the-head method of more devout Marxists.
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Offline The Village Idiot

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Re: Who created the myth of "good debt?"
« Reply #4 on: June 01, 2010, 10:00:02 AM »
Skiddish DUmmie is trying to sound fiscally conservative or something?

I thought good debt was the stimulant bill??

anyways...
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Offline DumbAss Tanker

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Re: Who created the myth of "good debt?"
« Reply #5 on: June 01, 2010, 10:14:10 AM »
They know almost as much about economics as dogs know about the topography of the far side of the Moon.  They really oughta just give it a rest instead of embarrassing themselves like that.
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Offline AllosaursRus

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Re: Who created the myth of "good debt?"
« Reply #6 on: June 01, 2010, 12:49:08 PM »
Quote from: DumbAss Tanker on June 01, 2010, 10:14:10 AM
They know almost as much about economics as dogs know about the topography of the far side of the Moon.  They really oughta just give it a rest instead of embarrassing themselves like that.

They can't help themselves! After all, they are the smartest people in the room, ya know?

Hell, one of 'em even has an IQ of almost 70, for gosh sakes!
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