I guess you are saying debt that is used for productive versus non productive purposes. That is true to a degree yet both require servicing. Even good debt has payments tied to it. One could make the case that good debt is profitable but that isnt always the case. What people term good debt does not always lead to more economic output.
In fact, bad debt, like credit cards, can increase economic productivity. The problem is the future payments will suck more out than it puts in.
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