No. of Recommendations: 0
Holy Smokes! I agree with an column in The Washington Post! That could very well be a first.

My favorite part:

"Further, I agree with my friend that credit is just a game, and even if you play it well, chances are you still lose. For example, in order to get those frequent-flier miles you may be buying more stuff than you would purchase if you had to pay with cash.

In fact, some academic studies show that consumers tend to spend more--even tip more at a restaurant--when they use plastic.

Why do you think casinos use chips instead of cash at the gaming tables?"

Great analogy!

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