John Stossel: “I never understood how the poor are helped by limiting their choices”
April 30, 2009 | alternatives, industry | Comments (0)From John Stossel’s latest column:
Think about what a credit card is. It’s convenient access to unsecured loans, permitting consumers to buy things large and small — not to mention emergency services — without cash. Pay the bill promptly, and you enjoy a fantastic service for virtually nothing. If circumstances prevent you from paying the bill in full, you can set your own payment schedule, realizing there is a minimum payment and that you will be charged interest on the unpaid balance. No surprise there.
This is the must-read of the day.
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