Quote from: Ziskinberg on July 14, 2025, 03:25:20 PM

No country has ever developed without borrowing money. Borrowing isn’t just for times of crisis, it actually makes more sense if it’s used for national development. It’s like having a solid plan but not enough resources to execute it, so you borrow to make that plan happen.

Just look at the U.S. it has the biggest debt in the world, yet it’s also the most powerful country. That alone shows that debt, if managed and used properly, can actually lead to progress and development.

Sometimes debt is very important, especially for emergency purposes and for the economic development of some countries that have less power to source money to develop themselves. If they take out a loan, they can easily find a way to earn money that will be used to pay back the loan and also to help their citizens by creating opportunities for them through industrialization and educational sectors.

Many developed countries still have debts to settle, and most of them are not based on emergencies, even though some of them are to reconstruct some part of their country that might have been affected by natural disasters or to build some infrastructure that will generate revenue for the nation so that they can use the money to settle the loan and also bring more development to the countries.

Also, borrowing money as an individual is also not bad if you have a tangible reason for that; most times it used to be on emergency purposes, which used to be personal, but taking a loan for unnecessary reasons is not good and always leads you backward because of the interest you will pay.