The introduction of credit has been both a positive and a negative economic force. On the one hand, credit has allowed individuals and businesses to access funds that they would not have been able to access otherwise. This has enabled people to make larger purchases and invest in more expensive projects, which has helped to stimulate economic growth.
On the other hand, the widespread availability of credit has also led to excessive borrowing and over-indebtedness. This has contributed to economic bubbles, such as the housing bubble that led to the 2008 financial crisis, and has increased the risks of financial instability and recession.
Overall, the introduction of credit has had both positive and negative effects on the economy. While it has facilitated economic growth and increased access to funds, it has also increased the risks of financial instability and over-indebtedness.