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Edition 158 · learning · Pramode Mallik

Debt Servitude: The New Classroom

Rising EMIs will school the young in fiscal discipline, a harsh but necessary lesson.

Debt Servitude: The New Classroom
FO Take · Score 78

The central bank’s latest rate hike isn’t just economic policy; it’s a masterclass in financial reality. Forget abstract theories; real-world debt repayments will now teach a generation the true cost of borrowing and the illusion of cheap money. This isn't hardship, it's an education in austere self-reliance. Who truly benefits from this involuntary financial literacy?

The strongest counter

Inflationary pressures demand monetary tightening. These rate hikes are a necessary evil to stabilise the economy, protecting savings and ensuring long-term prosperity. It's prudent, not punitive.

Audit trail
  • ·Financial literacy
  • ·Economic realism
  • ·Debt's true cost
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