Everyone's in debt the most common famous kind of debt of course is money debt

That's sort of what we think of when we think of debt your master card bill or the money that you spent to get that machine

But sooner or later all of us if we're making something if we're leading something if we're building something

We end up in some sort of debt. Hey, it's Seth and this is a Kimbo

We'll be back in a second to talk about technical debt project debt time debt and the rest of it

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In David Graber's classic book debt he talks about the origin of money and he argues

Persuasively that money came after we invented debt that money was an easy

Reliable way to pay off debts now capitalism is

Based on debt and here's the simple math if you can buy a machine that lets you be more productive

You will be able to gain market share and make a profit that

That machine ends up being an asset of the company that machine cost you money more than your competitors

We're willing to spend to get that money

You went into debt and you pay back that debt because over time you make enough of a profit that the machine pays for itself

And so the very nature of capitalism has always been about building an asset a

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