Abstract or Introduction
Throughout all the times since humans started to exchange goods for trade, there has been the common opinion that debt is a bad, sometimes even shameful thing to have. Thus it is not astonishing that in Shakespeares’ Hamlet Lord Polonius advises his son Laertes: “Neither a borrower nor a lender be” (William Shakespeare, 1598-1602, Act 1 Scene 3), for this clearly expresses the point of view people had and many still adopt. However this would mean a generalization of the term “debt”, which cannot be made that easily: “To say that all debt is bad is to say that all debt is alike – which is simply not true” (Tim Cestnick, 2005, p.16).
- Quote paper
- Jens Kaulbars (Author), 2006, "Debt is bad" - A refutation, Munich, GRIN Verlag, https://www.grin.com/document/77311
Similar texts
Publish now - it's free
✕
Excerpt from
4
pages
Comments