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echo: debate
to: MATT MUNSON
from: FRANK SCHEIDT
date: 2011-10-16 13:23:48
subject: Re: crazy idea to force the f

-> 
->  That has been the Fed's history -- and it has worked ... sorta ... so
why
->  change??  I wonder if those Wall Street Protestors will have any
influence
->  on the Fed's profligate ways?  Somehow, I doubt it, but who knows?
-> 
-> we could do small things such as pay by paper check not debit card.
Force banks
-> to spend extra time on paper checks since they charge more fees on debit
card
-> use.

I have yet to understand why some people use debit cards in preference to
credit cards.  *I* would never use debit cards.  

Credit cards have several advantages over debit cards -- the user makes use
of the "float" before the cash is actually transferred, there's a limit of
$50 on liability if there are charges on the card which the owner hadn't
authorized.  And, of course, the amount which can be charged using a credit
card is not limited by one's bank account.  Yet people use *debit* cards in
increasing numbers.  Amazing
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