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Can you imagine a society without consumer debt?
Call me crazy. I am trying to imagine what our society and economy would look like if the majority of people abandoned consumer debt (except for housing, maybe). People wouldn't be stuck in jobs just to make their next car payment. Instead of paying interest, people would have disposable money to do things with. The car industry would likely have a severe problem. Anyone want to join this crazy idea? What would be better or worse?
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John Gianino