It has been said that we are a “debtor society” meaning our overall economy is built on debt. Debt, quite frankly, that we enter into willingly to buy things like houses, cars or anything else we desire. We don’t really need some of the things we buy with debt but sometimes we do anyway. (roughly 200+ words)
Watch the attached videos and answer the following questions:
1) What would happen if we as a society stopped obtaining debt?
2) How does debt continue to influence our economy?
3) Is there such a thing as “good debt”?
**For this assignment, I am expecting you to provide and share your own thoughts and ideas.