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.