Where would we be without credit cards? Yet, when we opened up our bookstore, nearly 27 years ago, we didn’t even have credit cards. I remember going to our first Christian Booksellers Convention when we either paid with cash or wrote checks for everything. It’s interesting to see how much has changed in the way we buy and pay for our purchases.
Have any of you noticed that the new credit cards now have chips in them? I was curious about that, so I did some research and found out they are supposedly safer than the ones we simply swipe.
I bring you a former State Senator, Jeff Baxter, from Washington to talk with us about credit cards and economics. If you’re wondering why your new credit card has a chip in it, you’re about to find out why. Jeff is a former State Senator from Washington State. He is still active at the legislative level state wide, as well as locally.
We spend some time explaining the cycle of debt and why people are enticed to increase their debt load to their detriment.