This is simply nonsense-- if you get a big contract requiring significant outlays for supplies, more employees and a large amount of time before delivery (and payment), the company needs to borrow against receivables to make payroll until delivery.
Sometimes I think a lot of FReepers want to return to a neolithic barter economy.
Remember: we had even worse panics and contractions in the era of the gold standard and hard money.
I agree with him, she is naive.
Me too, but she's got a lot of company right here on this thread. It must be a fundamental unwillingness to understand what's involved with handling money, and that a very serious problem we we've had for about a year now is not enough borrowing.