On Sun, 12 May 2002, Tim May wrote:
> If I pay $100.00 in folding money for some item or $100 with a VISA
> card, that means I am _NOT_ paying the costs of a credit card system.
Actually it does. It actually means that for that cash transaction you're
paying for a credit card transaction (-most- consumers pay with a card so
the merchant incurs the handling fee) you -didn't use-. You gave away
-free- money.
Ha ha ha ha ha ha ha ha....some master economist crypto anarchist.
Where do you think those 'cash discounts' come from? They subtract the
credit handling charge! Imagine that. Works great when a cagely merchant
recognizes a trend in his local clientelle away from credit purchases.
A credit card does one thing, it lets you borrow somebody elses money at
interest so you can buy stuff now that you'd normally have to wait on.
It's a very conventient, portable, timely loan agent. Time <> Money.
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