> Some kind of credit's required to get through the ups and downs of the normal business cycle Isn't that what cash reserves are for?
But when a child borrows from their parents, the burden is confined to that family and the object is already paid for. No outside burden is placed on the family. It appears apparent to me that the typical American…
At the risk of being a hypocrite (mortgage, student loans), why not eliminate credit? Can't afford a $200,000 house or $20,000 car without credit? Guess what, no one else can either. Prices of those goods would fall…
> Some kind of credit's required to get through the ups and downs of the normal business cycle Isn't that what cash reserves are for?
But when a child borrows from their parents, the burden is confined to that family and the object is already paid for. No outside burden is placed on the family. It appears apparent to me that the typical American…
At the risk of being a hypocrite (mortgage, student loans), why not eliminate credit? Can't afford a $200,000 house or $20,000 car without credit? Guess what, no one else can either. Prices of those goods would fall…