The explosion of credit cards over the last 25 years reminds me of an article I once read about the psychology of casinos, in particular the mental detachment o

The explosion of credit cards over the last 25 years reminds me of an article I once read about the psychology of casinos, in particular the mental detachment of money. Basically, casinos figured out a long time ago that a person will gamble a lot more in chips than actual cash, because cash is emotionally connected to food, rent, clothes, etc., whereas chips are detached from that emotional connection, and thus casino customers are more inclined to gamble more with chips than actual cash. I'm probably being Captain Obvious, but seems to me the credit card industry took this psychology and ran with it, essentially creating the modern consumer experience, which is basically this: https://www.youtube.com/watch?t=64&v=EAyJmIXcyMg https://www.youtube.com/watch?t=64&v=EAyJmIXcyMg