...about all of the encouragement of debt in "conservative" circles. On the radio, you'll hear ad after ad for mortgages, debt consolidation, and debt elimination. In politics, you'll hear the argument that if a "public good" is to be used over many years, then it should be paid for over many years.
While I understand the logic, I'm brought back to Romans 13:8 ("Owe no man any thing, but to love one another.."), the principles of rent and capital, and the principle of not presuming upon the future (James).
In other words, is it really more cost-effective in general to pay principal plus interest, or principal alone? Is it really better to presume on the bird in the bush, or eat the one that's in your hand?
While certainly not all debt is bad or wrong, I think that believers ought to be a little more circumspect in its use than one might infer by listening to conservative talk radio.
Christmas Miscellany - We’re still hovering around Zero degrees in Minnesota. I heard a funny on NPR today… a weather person said, “It’s chilly today, but then we expected that.”...
8 hours ago