Was Cutting the Cord, Getting rid of the monkey

[James Knott]

Scott Elcomb wrote:
> FWIW (perhaps this is a bit unfair? I'm not an economist) I believe
> credit is evil; from personal finances to national it creates
> problems

Well, if it weren't for mortgages, most people couldn't buy a home. 
Capital projects in business and government often require borrowing.  
Are you suggesting that cities not build major infrastructure projects, 
if they don't have cash in hand?  If so, then we'd likely see little 
built.  What about all the stores that get stock on credit?  Credit is 
not the problem.  Abuse of it is.

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