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12/12/2009 10:04:18 AM
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pramod bhabad
Posts 432
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The Article also shows how the subsidization of credit card use increases the use of credit cards for transacting. A set of cognitive biases amplifies increased transacting usage into an increase in credit card debt. Credit card merchant restraints thus ultimately contribute to credit defaults, reduced consumer savings and purchasing power, inflation, and consumer bankruptcy filings.
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"BB Code" [ur1] [/ur1],  , , [1] [/1]
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