I wonder what would happen if we all quit paying our credit card - TopicsExpress

I wonder what would happen if we all quit paying our credit card bills and student loan payments at the same time? What if we all kept that money and used it for increasing the quality of life in general? Do you think we could break the credit/interest/compounding/paymorethanyouborrow cycle? Maybe then we could do something rational like rein in the cost of life, provide interest free student loans, and stop the madness that credit seems to have inspired in this world of ours?

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