Felix Salmon reacts instead pungently to my post on debt. I definitely don’t suggest to mean that Felix’s position is unreasonable–it’s not, and lot of men and women hold it. I recently think it really is tricky.
We’ll protect a few of our disagreements in minute, but i do believe this can be really interesting:
McArdle is way too ample towards the loan providers right here. For starters, we managed to get clear during my post that bank cards have become advantageous to transactional credit: if you want to spend the car-repair store today, utilizing a charge card is just a great means of doing therefore. You must also have a great sufficient relationship with your bank that by sufficient time the credit-card bill comes due, you are able to spend it using the arises from your own loan or credit line. Continue reading