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When is it okay to borrow?
I think this is a pretty simple question, and the pragmatic answer isn’t that difficult either. However, it seems to get lost in the noise when people are talking about large entities such as companies or governments, and things like fractional reserve banking are included.
The general answer is “when you’ll be better off for having borrowed the money”. I know that sounds inane. Let’s expand a little.
Click to continue reading “When is it okay to borrow?”
18Mar2009 | Ray | Comments Off | Continued


