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Tag Archives: credit card

Go shopping, go plastic — credit card galore

  The Chicago-School Economists’ guru Milton Friedman and his disciples started to storm the White House in Reagan era. They brought with them the recipe to counter stagflation – a situation when the US economy remained stagnant in spite of rising prices. The recipe for the government was: increase money stock, cut interest rate, and make credit as easy and abundant as possible. For American people the message was: go …

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Productive use of credit cards is an art

  Standard chartered makes it digitally innovative Credit cards — in fact a way of borrowing and looks attractive when one goes to have one for purchasing goods and obtaining other services but however the attraction of the card evaporates as soon as it piles up the debt beyond ones capacity to payback. It is a facility to be used productively for the good of the holder and not to …

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