Does credit card use positively affect the economy?
Credit cards have come to be portrayed as a necessary evil, a symbol of the decadent attitudes towards spending that many feel contributed to the economic downturn. This view was perfectly summed up in the original version of David Cameron’s speech at the Conservative Party Conference in October. In this speech, which had to be hastily rewritten, Mr Cameron intended to argue that ‘The only way out of a debt crisis is to deal with your debts. That means households [...]