Please disable your Ad Blocker to better interact with this website.

Image Image Image Image Image Image Image Image Image Image

Affluent Christian Investor | March 20, 2019

Scroll to top

Top

2 Comments

Oh “Good” – Credit Card Debt Just Jumped

Credit cards

You gotta love mainstream, that is to say, Keynesian, media coverage. Credit card debt just jumped substantially last month and Reuters spins it as good economic news.

Perhaps consumer debt is not a good thing. Perhaps it’s better for people to pay down their credit cards, save money and invest it. Perhaps people are borrowing more because real wages are falling, and they’re trying to maintain their standard of living trough plastic. Perhaps a jump start in consumer borrowing means that some of that excess money which the Fed has created will come out and play, circulate through the credit markets, and lead to price inflation.

After all, more money being spent on consumer goods is, by definition, an increase in demand, and doesn’t supply and demand drive consumer prices?

Read the Reuters article here…

 

Join the conversation!

We have no tolerance for comments containing violence, racism, vulgarity, profanity, all caps, or discourteous behavior. Thank you for partnering with us to maintain a courteous and useful public environment where we can engage in reasonable discourse.

The Affluent Mix

Become An Insider!

Sign up for Affluent Investor's free email newsletter and receive a free copy of our report, "How the Trump Impeachment Crusade Costs you Money ."

Send this to a friend