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How can we return to techno-optimism?
(loveofallwisdom.com)
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this post was submitted on 01 Sep 2024
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Technology
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Yep, the rich are rich because they borrow other peoples money. 0% free interest lines are about the best discount you can get on anything. I get to make the interest while you hold the loan? Sign me up! Siri, remind me in 11 months to pay off the X loan.
Surely you know that's too good to be true. The card issuer charges fees to the merchant and then throws a portion of the money you just gave them back to you. But the prices of products are being driven up and the merchants aren't eating them.
Depends on the situation honestly. We offer financing through my work for our clients and the 0% option is still a good deal. Not all of them are designed to screw people.
No, but they do need to be profitable 🤷