Debt

Debt is the obligation of one person or group to provide future goods to another person or group. It is the outcome of a credit transaction.

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• Recent Posts

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  • Annual Drug Related Deaths in the US – Marijuana Ranks Last … With ZERO
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  • Our Children are too Smart for Public Schooling
  • July 2010 – New One Family Home Sales at All Time Low; ZERO Units Over 750K Sold!!
  • Krugman vs Krugman – Take 2
  • July Home Sales Likely Worst Month in a Decade
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• Recently Popular

  • Mr. Bernanke, with all due respect: Shut the hell up.
  • Trade Deficit Continues to Decline
  • Universally Preferable Behaviour - A Rational Proof of Secular Ethics
  • July Home Sales Likely Worst Month in a Decade
  • Consumer Credit in June 2010 - Contraction Continues
  • True Money Supply
  • The Great Depression - Now and Then
  • Inflation & Deflation Revisited
  • Credit Expansion Policy
  • Government Growth in the United States

• Recent Comments

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• Categories

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• The Basics About Economics

  • The Basics: Praxeology
    • Economics
      • Economics of Voluntary Action
        • Value Preference
          • Exchange
          • Price
          • Marginal Value Preference
        • Time Preference
          • Savings
          • Credit
            • Debt
          • Interest
        • Economic Functions
          • Consumer
          • Entrepreneur
            • Business
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          • Capitalist
          • Landowner
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        • Goods
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          • Factors of Production
            • Capital
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          • Media of Exchange (Money)
          • Ownership
            • Private Ownership
            • Public Ownership
        • The Market
          • Competition
          • Market Equilibrium
          • Comparative Advantage
          • Division of Labor
      • Economics of Compulsory Action
        • Violence
          • Aggression
            • Theft
          • Defense
        • Government
          • Fiat Money
            • Central Bank – Fiat Money
            • Fractional Reserve Bank
          • Forms of Government
            • Anarchism / Voluntaryism
            • Capitalism
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• Community Activity

  • Kent Neal became a registered member September 3, 2010
  • Cory Shelton wrote a new blog post: Welcome to my new blog! September 3, 2010
  • Frederick Lawson wrote a new blog post: Whelan eager to make up for World Cup misery September 2, 2010
  • Frederick Lawson wrote a new blog post: Cunningham fitness boost for Saints September 2, 2010
  • Frederick Lawson wrote a new blog post: News Roundup: 'Glee' Promo Teases Relationship Drama, 'Buffy' Star ... September 2, 2010

• Recommended Books

  America's Great Depression

  The Anti-Capitalistic Mentality

  Atlas Shrugged

  Bureaucracy

  The Case Against the Fed

  Crash Proof

  Economics in One Lesson

  The Ethics of Liberty

  For a New Liberty

  The Fountainhead

  A History of Money and Banking in the United States

  Human Action

  Interventionism

  Liberalism

  The Little Book of Bull Moves in Bear Markets

  The Revolution: A Manifesto

  The Road Less Traveled, 25th Anniversary Edition : A New Psychology of Love, Traditional Values and Spiritual Growth

  Socialism

  The Theory of Money and Credit

  Universally Preferable Behaviour - A Rational Proof of Secular Ethics

  What Has Government Done to Our Money?

• Links

  • Anti War
  • BreakTheMatrix
  • Center For A Stateless Society
  • Cop Block
  • Free Talk Live
  • Freedomain Radio
  • Lew Rockwell
  • Ludwig von Mises Institute
  • Mish’s Global Economic Trend Analysis
  • Pete Eyre
  • Raven IOS Centers
•