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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Ilaine who wrote (116140)8/8/2001 4:46:48 PM
From: TheStockFairy   of 436258
 
<<Further, if the consumer consumes with cash rather than credit, there are no interest payments so the consumer actually has more disposable income with which to consume goods and services, which is also good. >>

In thinking about this...if the consumer is paying down their credit card bill, they will no longer be paying interest on that pizza they bought in 1999, but they will not have any additional money for new consumption unless they charge with their credit card.

Sound about right?
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