The most dangerous corner of a balance-sheet
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Finance & economics | Buttonwood
Forget debt. Here is something to villainise
Illustration: Satoshi Kambayashi
Oct 8th 2025|4 min read
Debt suffers from a bad reputation. In almost every culture, lending and borrowing are maligned, with unflattering idioms common. Yet credit is the lifeblood of capitalism: the ability to lend and borrow facilitates hundreds of billions of dollars of activity every day.
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