Every debt is someone else's asset. If you deposit money in the bank, is that a bad thing? You're creating a bank debt to you every time you do. If you deposit a million dollars you just put the bank massively in debt to you. Is that bad?
People often use their small local understanding of debt ("my debts are bad, because the legbreakers will come if I don't pay") as an interpretation/understanding mechanism for the entire economy, and that misleads them.
People often use their small local understanding of debt ("my debts are bad, because the legbreakers will come if I don't pay") as an interpretation/understanding mechanism for the entire economy, and that misleads them.