ferguson

Government's New Credit Approach: Does the End Justify the Means?

Peter Schiff's argument only makes sense if one ignores the predatory practices of credit card companies in the pursuit of profit at the expense of responsible lending and borrowing. The rapacious onslaught of commercial forces on the pocketbooks of ordinary Americans has precipitated a catastrophe which, in retrospect, can be seen to have been both inevitable and necessary. The out-of-control consumption machine has been derailed. Perhaps we need to consider a return to living within our means and in harmony with the natural world which we call home. In case anyone doubts the compelling seriousness of the issue, they chould consult the third edition of "Earth From Above," by Yann Arthus Bertrand.