There is a lot of talk about the “evils of capitalism” these days. What is evil is the amount of debt and the cost of debt servicing these days.
Companies and people are so buried in long term debt, a very small portion of the cost of stuff is actually “for the stuff.”
What could possibly go wrong?
There is a lot of talk about the “evils of capitalism” these days. What is evil is the amount of debt and the cost of debt servicing these days.
Sadly, that is true. When was the last time any youngster knocked on your door asking to mow or shovel snow? Too many freeloaders in America plus too many handouts.