
Technically one could argue that a world without credit (the other side of debt) would be one that takes us back to the days when we used to barter with each other since fiat currency in itself is debt, but I’m not talking about it on a level that deep. I’m merely talking about that standard credit which is issued by a lending institution like a bank or an alternative lender, perhaps even that friend or family member who’s willing to lend you a few quid to tide you over until your next payday. Continue reading