Consume, debt free banking
(media.scored.co)
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Right. No debt involved. Easy.
> If you allocate resources (lending) to projects that are value-loss instead of projects that are value-add, then your allocation of resources becomes inefficient and the whole country suffers.
You don't lend resources, you use them. And yes, using way too many words you've given us the sage wisdom that using resources stupidly is stupid.
> When the government offers debt without interest, there is still a cost associated to that lack of interest which is borne by the whole economy
And what is that exactly?
> and given that there's no interest, this encourages the use of debt
And fractional reserve fiat usury bullshit doesn't?
The rest of your comment, all of it really, is top tier word salad quackery trying to masquerade as relevant information.
*Muh government won't have incentive to debt if it's not in charge of debt! Spending resources stupidly is stupid!*
You borrow at a flat rate, which is considerably less than jew interest. If you borrow $15,000 for a home, you owe that back plus a flat rate of $500.
> The reason I suggested commercial debt is good is because generally that debt will always go toward value-add projects whereas personal debt is often for consumer goods which is not a good thing for anyone.
Debt isn't good. Period. jews opened this pandoras box and it's a race to the bottom. You can't cure poison by taking even more poison. You can be the last one left standing, but you still took and played the game of poison.
Banking/lending isn't a private institution. It's not there to *make money*. It's there to help and serve your people. You don't skim the sweat from your brothers brow to enrich yourself. Highly jewish.
> It's easy to see why debt is good.
If you're a kike, yeah.
> If you currently earn $1000/yr but you borrow $5000 at 5% interest so you can get paid $2000/yr then debt becomes worth it.
Nope. You're still in debt. You went from debt free to owing $5250.
You're not understanding, either. You don't *use* debt. The concept of owning or acquiring something that you cannot yet procure is inherently evil. Whomever opens that door gets an initial boon (allies) and can overtake those who choose not to play in debt hell (NatSoc Germany... even though they had a roundabout way of dealing with it)
But it all crumbles at some point. It's non sustainable because it's always fucking over the future for the immediate. Eventually, there's no more future to fuck over and it's so rotten from the cascading effect that no one cares.
Debt is NOT good. Period. It's a carrot up front that's always followed by a massive stick.