Re:Sacrificing everything for my dog. How I became a programmer
by nicholassmith on Monday June 24, 2013 @06:05AM
(#5931972)
I was a bit struck by this:
> I see credit cards as being the saving grace which prevented another great depression during the recent economic collapse.
Partly because the economic collapse was driven by banks allowing high-risk credit on mortgages, loans and credit cards, and thinking they staved off a true great depression is a very weird way to approach it.
Partly because the economic collapse was driven by banks allowing high-risk credit on mortgages, loans and credit cards, and thinking they staved off a true great depression is a very weird way to approach it.