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- What is "productive debt"?
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Card 71 / 100: What is "productive debt"?
Answer:
Debt that is used by the borrower in the hopes of increasing his or her future income.
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Dr.Robert MurphyAssociated Scholar
Mises Institute
USA
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Attribution:
Dr. Robert P. Murphy, Lessons for the Young Economist. (Mises Institute), http://mises.org/document/6215/Lessons-for-the-Young-Economist (Accessed 04 April, 2014). License: Creative Commons BY
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