[ExI] quote of the day

[William Flynn Wallace]

Spike, the best way to get rid of credit card debt is to die. When my son
died the credit card companies just wrote off his debt, perhaps realizing
that there was not enough money in the estate.

bill  w

On Fri, Oct 6, 2023 at 4:15 PM spike jones via extropy-chat <
extropy-chat at lists.extropy.org> wrote:

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> *…*> *On Behalf Of *William Flynn Wallace via extropy-chat
> *Subject:* Re: [ExI] quote of the day
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> >…Spike!  I am astonished.  This one was easy:  credit.  Using other
> people's money.   bill w
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> Billw, the whole notion of credit, of borrowing and lending, is soon to
> blow up in our faces I fear.  The US government has been spending way
> beyond its means for generations, to the point where it doesn’t even know
> how to live within its means.  The government is an insatiable borrower,
> offering ever greater returns, which are illusory.  Eventually the lenders
> stop lending, for the borrower becomes too risky.  Then what?
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> Ours is the generation left holding the bag.  Post modern monetary theory
> is coming, and with it, the brutal realization that debt matters, and size
> really does matter.
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> spike
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