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n. Illinois | debt and credit have their place if used prudently.
If the ROI is higher than the cost of the credit etc. But how many farm managers make decisions based upon ROI of the asset being purchased? I could count on one hand over 40+ years that I did business with and I would only need to use 2-3 fingers.
Our government has long stopped being prudent and many other countries have as well.
Many of our large companies have done the same thing.
Ford just burned through 35-36 billion pursuing the EV for the masses fantasy and the CEO is still making millions every year from Ford.
That is the gig I want, I want to be so massively wrong that it costs billions and yet I get to keep the gig going.
Used to think I wanted the college coaching gig where if I am fired I still get paid millions for doing nothing, but I don't get to waste billions on a fantasy. | |
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How money is created
