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Every purchase you make with a credit card is a loan. Rapidly available, distributed credit is an amazing thing for society. I think both the genie is out of th
by ed312 7y ago
Every purchase you make with a credit card is a loan. Rapidly available, distributed credit is an amazing thing for society. I think both the genie is out of the bottle on the current credit paradigm. Forcing people to go to a physical location to conduct routine business should not be the primary solution to a problem in the 21st century.
- Qwertystop 7y agoYes, but the line of credit is the credit card, not the purchase. You wouldn't have to go to a bank every time you wanted to buy something on a credit card, but you would have to go there to get a card.