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Re:Frank Abagnale: “Catch Me If You Can” – Talks at Google [... by crististm on Tuesday November 28, 2017 @03:43AM (#15795453)
Apparently, this is the system favoured in US: make people depend on credit and add protections to offset the negatives that you mentioned.

End result: http://www.usdebtclock.org/

Re:Frank Abagnale: “Catch Me If You Can” – Talks at Google [... by ryanwaggoner on Tuesday November 28, 2017 @06:03AM (#15796110)
The US national debt has nothing to do with credit card debt.
Re:Frank Abagnale: “Catch Me If You Can” – Talks at Google [... by crististm on Tuesday November 28, 2017 @06:16AM (#15796168)
Can you really say "nothing" with a straight face?