Oddbean new post about login | logout because credit is debt
It’s supposedly a measure of credit worthiness. If that is true, paying off debt should positively impact your credit score, but it doesn’t.
A fiscally conservative person who pays off their debt and doesn't take on more debt, destroys credit which puts deflationary pressure of the Fiat system. This is harmful for the current financial system, which relies on ever increasing amounts of credit(and therefore debt). The credit scoring system exists to identify economic actors who are capable of taking increasingly larger amounts of debt(without defaulting).