Technical debt as a metaphor is not serving our profession well. It was meant to help us talk to business people and make better decisions about our software projects. But it has largely been a failure. Part of the problem is that business people aren’t afraid of future interest payments.
In business school, I learned about the power of leverage: what it is, how to get it, how to measure it, and how to manage it. Debt is a tool. My fellow business school grads are comfortable with leverage and debt. So when the programmers come to the business people complaining about technical debt, the business people are unconcerned. And why would they be? The metaphor is misleading; technical debt is only superficially similar to financial debt.
