[ExI] I Miss The King of Extropia

[William Flynn Wallace]

A dollar today is worth more than a dollar tomorrow and you can borrow a
dollar today at a lower interest rate than at any other time in the history
of the USA, so I can sure think of a advantage to debt.  ​


​ John K Clark​

But why not just save?  Why pay any interest?  Not applicable to houses or
cars, I suppose (except in my case, since I don't buy cars worth more than
$10k - you are correct - never new cars - depreciation curve -  currently
own 2002 Lincoln Town Car - wonderful car - you can't get a ride like this
with the small new cars -  25 mpg highway)

I would rather a company be owned by the people who made it great, not by
the people who just supplied money.  They get on the board and maybe direct
policy in the wrong ways.

bill w

On Thu, Jul 21, 2016 at 9:54 PM, John Clark <johnkclark at gmail.com> wrote:

> On Thu, Jul 21, 2016 at 3:43 PM, William Flynn Wallace <
> foozler83 at gmail.com> wrote:
>
> ​> ​
>>> Without debt Silicon Valley wouldn't exist, even renaissance Italy
>>> wouldn't have existed without its banks.
>>
>>
>> ​> ​
>> OK - but when a company gets very large, say like  GE, they can finance
>> their own R and D without having to issue stocks
>>
>
> ​GE stockholders are the people who own GE. Who would you rather own the
> company than the stockholders?
>
>
> ​> ​
>> or bonds.  True?
>>
>
> ​It doesn't matter what I think, all I know is that the capitalists at GE
> issued 39 billion dollars of debt just last September.​
>
>
>
>>
>> ​> ​
>> In cases like this I see no advantage to debt.
>>
>
> ​A dollar today is worth more than a dollar tomorrow and you can borrow a
> dollar today at a lower interest rate than at any other time in the history
> of the USA, so I can sure think of a advantage to debt.  ​
>
>
> ​ John K Clark​
>
>
>
>>
>
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>
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