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Re: Wacky idea

By: clo in ALEA | Recommend this post (0)
Wed, 09 Nov 11 3:42 PM | 41 view(s)
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Msg. 06218 of 54959
(This msg. is a reply to 06217 by Cactus Flower)
Jump:

Good morning Cactus Flower,

I've always thought 'credit cards' created a flawed model & dependency.
'Instant gratification', instead of working towards, living beyond our means.
Over time folks learned to tolerate interest rates higher than loan sharks offer, up to 36%.

I use credit cards, but only for convenience. I always pay when the bill arrives, never owe/pay interest.

I think we might be better off without them & consider the 'UNFAIR interest' we would deprive those institutions ;)))

DO SOMETHING!

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The above is a reply to the following message:

Wacky idea By: Cactus Flower in ALEA Wed, 09 Nov 11 4:38 AM	Msg. 06217 of 54959
But mightn't we better off if there were no personal loans. It seems that the main effect of loans is to drive up the price of assets and services for everyone.

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