The Moral Decay of Debt

Debt has moral implications, and in denying this, we're choosing a rendezvous with Nemesis

Let's start with a household analogy. A married couple have four fine children, and since expenses are higher than income, they borrow money in their children’s' names to fund their lifestyle and investments. Once the offspring reach 18 years of age, the debt their parents borrowed is theirs to service.

The offspring didn't get a say in how much money wa…