"R. A. Hettinga" wrote:

> > The reason we have ready availability of credit in the first place
> > is because consumer debt is the most profitable business in the
> > United States.
> 
> I really wonder what component of this market is actually payment
> driven. After all, to easily buy *anything* over, say, $100 right
> now, you have to borrow money, use a credit card, to do it.

?

I use a debit card, one that draws against my bank current account the
way a cheque does (probably "check" to you). It's the same card that is
used as a cheque card.  Lots of purchases over $100.  I've  bought a
miniature video camera with it, maybe 1500 dollars US. 

Still involves merchant charges of course. As far as they are concerned
it is no different from a credit card. The cashier at the till probably
doesn't even know the difference (after all it says "Visa" on it).

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