Rethinking Learning
conversations about the future of teaching and learning
Barbara Bray
be creative, innovate, take risks, unlearn to learn
Oakland, CA

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Death of the Credit Card Economy

By Barbara Bray      September 1, 2008 -- 09:31 AM
I read this article on Slate after finding a link to it on Twitter. Maybe this article is a little disheartening but I am finding that I am and others in my family are spending less. I’m relearning all the things I learned when I was a little girl (long ago) that "a penny saved is a penny earned."

Credit made life too easy. See an outfit you need, buy it. So what if you don’t have any money, charge it. Want to go on a trip? Charge it. Pay for it later over several years. It got too easy for all of us and now it’s coming to back to us. We became too greedy and wanted stuff. The best cars. A bigger ...   more...
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