Slash and Burn Economics

I just ran into a store that I've patronized many times in the past.  I'd expected to pick up a few last minute items for an event that I'm running this evening.

The cupboards were bare.  I asked the owner (a radio talkshow host) what was going on and he told me that essentially, he'd been overly optimistic, borrowed too much money and it looked like he'd dissolve the LLC and form a new one and begin again.


Hmmm.

He doesn't see debt as a problem, as the matter of fact, he told me that he has a radio show specifically on money once a month.


Am I the only person that this doesn't make sense to?


Further, he thought that people who borrowed money and loaned it 9 points higher were smart.


Debt - the breakfast of champions and the downfall of humanity.

Be careful who you listen to out there.  There are many false prophets.