Great article by Ambrose Evans-Pritchard in The Telegraph with a conclusion to ponder.
“Debt is a two-edged sword. Used wisely and in moderation, it clearly improves welfare. Used imprudently and in excess, the result can be disaster,” Here is the direct link
Ambrose Evans-Pritchard - I wonder if he's from Englands Aristocracy ?
Not sure Peter, but he's definitely a "toff" ;)