Quizzes & Puzzles5 mins ago
Goverment, Corporate & Private Debt Going Up And Up, When Will It Blow?
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Are you seeing your debts increase or your family's, friends, neighbours, etc?
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For more on marking an answer as the "Best Answer", please visit our FAQ.No, 0% interest means you are in debt having not paid for what you have which isn't the same as waiting until you have the resource to purchase. Besides low base interest rates are immoral as it takes from prudent savers in order to gift to spendthrift purchasers. Plus there is always the risk that base interest rates will suddenly rise and steal less from savers and gift less to takers, thus putting many who borrowed without forethought in a difficult situation. Save first and the risk doesn't exist.
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