不敢负债的人，其实是对未来没信心

Core Viewpoint - The article discusses the historical context of China's economic development, emphasizing the significance of debt and leverage in fostering economic confidence and growth [2]. Group 1: Historical Context - During the planned economy period, China was characterized by a closed-off development model, boasting no internal or external debts [2]. - The concept of "debt" is explored, highlighting its etymology which combines the idea of responsibility and the willingness to take on obligations [2]. Group 2: Leverage and Confidence - Debt is fundamentally viewed as a form of leverage, with an example illustrating how a property valued at one million can be acquired with varying down payment percentages, resulting in different leverage ratios [2]. - The advantages of leverage are discussed, indicating that a property does not need to appreciate significantly for investors to realize substantial returns, thus reinforcing the importance of confidence in future economic prospects [2].