How do we know this? Consider a mortgage. We borrow $200k, and after 30 years we will have paid about $500k. So we pay $300 thousand dollars interest over the loan. What would happen with our purchasing power, if we only needed to repay the principal? It would mean we would have 10.000 per year … Continue reading The Problem is not Debt, it’s Interest (with Video!)
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The Problem is not Debt, it’s Interest (with Video!)
How do we know this? Consider a mortgage. We borrow $200k, and after 30 years we will have paid about $500k. So we pay $300 thousand dollars interest over the loan. What would happen with our purchasing power, if we only needed to repay the principal? It would mean we would have 10.000 per year … Continue reading The Problem is not Debt, it’s Interest (with Video!)