A surprising quote, especially because I did not find it in the Camel Shepherd, but in the Time magazine. I remember, as a college student, I often had the problem that I had no money with me. Actually, the ‘with me’ part is a strong euphemism; more accurately: ‘I had no money at all’. If I was lucky, then I found some hot dogs and a rolls in the freezer that I saved for the lean season. There were times when I was not so lucky.
One way or another, but it was always a great relief when in such times someone supported me with some thousands of forints. Usually, it was my parents, but how evident it would have been if I could have borrowed the money from my current self, who is relatively better off. Of course, a time machine is required for such a plan… fortunately, there is one.
It is called the loan. It is a little slow, a little expensive, but if we think about that it executes the rather complex function of a time machine…
A company does not like either if it has too many loans (a company working well in the long-term, could have short-term liquidity issues, which can make it vulnerable to its creditors) or if it has too little. We do not like it, especially now, in the zero interest rate environment, in the cheap credit period. It simply is not efficient if a company gives up on this form of raising of capital. Financial resources that are useful for a company can also help a family. To say that a loan is ‘bad’…
Sara Quin quoted above is a singer. She refers to herself primarily as a businesswoman and only secondarily as an artist. If this is true, I would rather not listen to her music.
Original date of Hungarian publication: 21 November 2017