The Economic Times

Quote of the day by Paul Krugman: 'Debt is one person's liability, but another person's...' - financial lessons and insights on role of debt in the economy, flow of money and growth of wealth by Nobel Prize-winning economist and pioneer of New Trade Theory

Quote of the day by Paul Krugman: Nobel laureate Paul Krugman sheds light on debt, emphasizing it's a two-sided coin. While a borrower's liability, it's a lender's asset, forming a crucial link in the financial system. This perspective reveals debt's productive role in economic growth, enabling investments and future returns, urging a balanced view of finance.