In Praise of Debt
But borrowing doesn’t have to dull husbandry. Indeed, it can sharpen it. Taking on substantial short-run debt can be a great way to save for your retirement. Really? Going into debt to save? Isn’t that a contradiction? Bear with me.
This is from David R. Henderson, “In Praise of Debt,” one of the two Econlib Featured Articles for June. Read the whole thing.