Paying With Plastic Is New, but Credit Isn’t

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Visa and Mastercard are the latest variations on a system of credit that goes back to Mesopotamia.

Historian Amanda Foreman searches the past for the origins of today’s world.

Read previous columnsOn March 6, Amex , Mastercard and Visa announced that they were suspending their operations in Russia. The move will deal a blow to Russian commerce, as a life tied to cash and checks can be cumbersome in the extreme.

 

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Banks should support the economy NOT be the economy! Cards should charge businesses 1% for processing, Cap APR at Prime & get rid of fees. Do not need cash back need business that can function! SECGov TeamPelosi ewarren RepJohnYarmuth SenSchumer TheEconomist TheAtlantic

The theory work for solving world peace and democracy is already done, you don't need to give anyone power, you only need to empower the ideas. Adam Smith, Edmund Burke, John Adams, three slaves of the British Empire, duty-bound and hell-bent on Civil Justice, Freedom and Peace.

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Barry Choi: Why paying with cash instead of credit can still make senseIn this age of going cashless, cash itself could help you save
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