>On the other hand, the economics effects of credit cards, or credit/loans in general can't be understated. Some industries and therefor technological advances like... housing
Humans have managed to build and live in accommodation for thousands of years without taking out fixed rate mortgages.
>In the same way i think that a lof of things like computers, tvs, holidays would never get bought without the existence of credit cards.
Consumer goods were purchased without problems before credit cards existed. Habitually buying consumer goods on credit has largely paralleled the great 1970s decoupling from wealth and productivity.
Humans have managed to build and live in accommodation for thousands of years without taking out fixed rate mortgages.
>In the same way i think that a lof of things like computers, tvs, holidays would never get bought without the existence of credit cards.
Consumer goods were purchased without problems before credit cards existed. Habitually buying consumer goods on credit has largely paralleled the great 1970s decoupling from wealth and productivity.