Originally Posted by Snake Doctor

You're still stuck on that?

Just because you don't understand the proper role of short and long term debt in the overall economy doesn't mean that it's not important or shouldn't exist.

What you're saying is the equivalent of saying if people can't pay cash for their house or car, they shouldn't have a house or a car.

You're under this illusion that companies needing credit to survive is a new thing and that everything used to be cash and carry.
IT'S NEVER BEEN THAT WAY. Debt and credit go all the way back to the dawn of civilization for crying out loud.
Just because your grandfather told you that if you couldn't pay cash you shouldn't buy it doesn't mean that's the way business has always operated.