[lbo-talk] those credit card cash-back offers

Carrol Cox cbcox at ilstu.edu
Sat Dec 4 08:28:53 PST 2010


Joanna: But the thing is poverty and debt are very, very expensive.

Indeed. A humorous version.

When I was in the USAF in D.C., one Saturday morning a guy woke me up with "I'll give 6 for 5 till payday" (payday being 3 days away). Still half asleep, I muttered, "Huh." "7 for 5!" "Huh"; "8 for 5" "(finally awake) Sure!" I think that's an annual interest rate of close to 400%.

Carrol



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