I wonder what the overall effect on the economy will be as more people move in that direction though?
“Best practice is to close the credit accounts and pay cash.“
“I wonder what the overall effect on the economy will be as more people move in that direction though?”
I believe it would have a positive effect on the economy. The debtor is slave to the lender, and we’ve created a nation of slaves. Plus paying cash tends to remind people not to spend more than they take in.