What is American credit card debt, and how does it compare to other forms of private debt? A credit card is usually used for everyday expenses and consumer goods such as food, clothes, entertainment, etc. It is much more convenient to carry around a card instead of money or a checkbook. Some people use it… Continue reading The Borrower Is Servant To The Lender -Prov 22:7-
When a criminal commits a crime he is usually sent to prison to make him pay his debt to society. But in prison he will not pay any debt to anyone. The criminals are sent to prison where they will receive free room & board and medical care, and while they are there, they learn more… Continue reading Restitution, Or The Prison?
In Booker T. Washington’s autobiography, Up From Slavery, he recounted his experience in visiting the black people in the Tuskegee area of Alabama. Since they were not foretold of his visit, Washington was able to observe their normal living conditions. He was appalled at the sight he saw. They were very poor and did not have much. The… Continue reading Up from Slavery
Some people want price controls, but say that it should be done without controlling others. The thought may be nice, but can it really work? Let’s look at an example. Someone wants to buy an item from a store. He sees the price and thinks that it is above his price range. He then goes to… Continue reading Controls That Have Devastating Effects