The political advantage to making it easier to go into debt than to save (edited) at Mark Horne.

It just struck me that I should add another factor to what I mentioned before.

If people expect the government to somehow produce a growing economy and the economy is failing to grow, debt can be used to mask the failure. Rather than goods and services becoming more affordable, renting money is made (to seem or for awhile) more affordable.

So economic decline is masked by growth in credit cards and “ninety days same as cash” tricks.

Of course, eventually, a much greater decline will become undeniable.