How to deal with debt
debt is a symptom, not a problem. It is the by-product of something else. Like losing partial vision in one eye, it’s the symptom of a greater underlying issue. It’s prudent to take a step back and get a better understanding of what debt is.
How do we get ourselves into debt?
Adam Smith argued that most individuals make decisions designed to maximise their personal wellbeing, based on an assumed level-headed evaluation of all the facts. Individuals choose the option that offers the greatest utility (satisfaction) with the least effort. Smith’s central belief was that human economic interaction is governed
