Don’t Finance Long-Term Assets with Short-Term Debt
This might seem obvious in retrospect, but here are some reasons why you should not finance long-term assets with short-term debt.
Debt is an important part of our financial system and a useful tool, but it can also lead to financial ruin while maintaining poverty. It can be great and destructive at the same time, and it should be looked at as a double-edged sword.
This might seem obvious in retrospect, but here are some reasons why you should not finance long-term assets with short-term debt.
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