Do We Actually Need Debt?
Economics Explained
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Is There a World Without Debt?
A world without debt would massively disrupt the normal balance of supply and demand for these kinds of items. Demand is ultimately a function of the number of people who are willing and able to buy something. If we want a home, we either rent it or we have to go and get a home loan. As this demand falls, so too will prices. Soon enough, it will become feasibly possible to save up and buy a house in cash.
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