Undebtors

"This is a pleasant fiction."
--Lucilla (Gladiator)

Interesting label of "undebtors" for people who have sworn off debt or who are paying off debt as quickly as possible to the end of never borrowing again.

Factors that shape undebtors include a) cultural or familial values that oppose debt, b) being crushed by debt in the past, c) understanding the ROI of paying off debt, d) recognition of debt as institutional instrument of oppression

Not all debt is bad, of course. Entrepreneurs who borrow resources from savers to fund innovative ideas are vital for productivity improvement and prosperity.

The borrowing that we see today, however, is far beyond the entrepreneurial kind.

Imagine a world where all people were undebtors seeking to extinguish and minimize debt. The systematic reduction of aggressive force wielded by the state alone makes this thought a pleasant fiction.