Re:U.S. credit card debt jumps 18.5% and hits a record $930.6B
by antisthenes on Friday February 03, 2023 @01:51PM
(#34646039)
There's a huge gap between regular consumer items and what you call productive capital.
For example, a land with a house is productive capital, because it insures you against rent hikes. A reliable car is productive capital, because it lets you commute to the job and insures you against switching to jobs with a worse commute.
But those things both cost so much more than you can (or should) put on a credit card, generally.
For example, a land with a house is productive capital, because it insures you against rent hikes. A reliable car is productive capital, because it lets you commute to the job and insures you against switching to jobs with a worse commute.
But those things both cost so much more than you can (or should) put on a credit card, generally.