Comments on: I can’t wait to see this movie http://www.iwillteachyoutoberich.com/blog/i-cant-wait-to-see-this-movie/ Personal finance blog for college students, recent graduates and everyone else -- including entrepreneurship -- for getting rich. Featured in the Wall Street Journal and New York Times. Sun, 21 Mar 2010 11:47:10 -0700 http://wordpress.org/?v=abc hourly 1 By: Bob http://www.iwillteachyoutoberich.com/blog/i-cant-wait-to-see-this-movie/comment-page-1/#comment-1934 Bob Mon, 24 Apr 2006 13:01:35 +0000 http://www.iwillteachyoutoberich.com/blog/i-cant-wait-to-see-this-movie#comment-1934 It's easy to look back on the old days with rose-tinted glasses, but it's misleading. Yes, it's true that up until the 80s, if you weren't affluent, or if you'd had troubles in the past, you weren't able to get credit. You can say this was a good thing, that it saved people from themselves. But try telling that to the guy who wants to raise above his circumstances, for whom that ability to borrow means he can afford to send his child to college, so his child can have a better life than he did. Or to someone who made some poor decisions when he was younger, matured, and then found he wasn't able to buy a home, or have the security of being able to pay his bills for a few months if he loses his job. Would you prefer that these types of people didn't have access to legitimate forms of credit? That if they really, really needed the money, they would have to resort to pawn shops and loan sharks? Whatver makes you sleep at night... It’s easy to look back on the old days with rose-tinted glasses, but it’s misleading. Yes, it’s true that up until the 80s, if you weren’t affluent, or if you’d had troubles in the past, you weren’t able to get credit. You can say this was a good thing, that it saved people from themselves. But try telling that to the guy who wants to raise above his circumstances, for whom that ability to borrow means he can afford to send his child to college, so his child can have a better life than he did. Or to someone who made some poor decisions when he was younger, matured, and then found he wasn’t able to buy a home, or have the security of being able to pay his bills for a few months if he loses his job.

Would you prefer that these types of people didn’t have access to legitimate forms of credit? That if they really, really needed the money, they would have to resort to pawn shops and loan sharks? Whatver makes you sleep at night…

]]> By: Stewart http://www.iwillteachyoutoberich.com/blog/i-cant-wait-to-see-this-movie/comment-page-1/#comment-1933 Stewart Tue, 18 Apr 2006 21:28:15 +0000 http://www.iwillteachyoutoberich.com/blog/i-cant-wait-to-see-this-movie#comment-1933 It's interesting to think about the shifts in consumers' spending ideologies too. The advent of credit in America allowed lower and middle income people real oppurtunities for upward mobility, they treated their credit purchases as investments, generally. Whereas today we might say that consumers are making purchases on credit that will only help them to <i>appear</i> as part of a higher class while foregoing the lasting, material affects of real economic mobility via increases in personal capital. It’s interesting to think about the shifts in consumers’ spending ideologies too. The advent of credit in America allowed lower and middle income people real oppurtunities for upward mobility, they treated their credit purchases as investments, generally. Whereas today we might say that consumers are making purchases on credit that will only help them to appear as part of a higher class while foregoing the lasting, material affects of real economic mobility via increases in personal capital.

]]> By: Eric http://www.iwillteachyoutoberich.com/blog/i-cant-wait-to-see-this-movie/comment-page-1/#comment-1932 Eric Tue, 18 Apr 2006 18:09:25 +0000 http://www.iwillteachyoutoberich.com/blog/i-cant-wait-to-see-this-movie#comment-1932 Super Size Me started out as a film festival only movie. I'm sure if it's a good quality movie, we'll see it on DVD in the near future. Super Size Me started out as a film festival only movie. I’m sure if it’s a good quality movie, we’ll see it on DVD in the near future.

]]> By: megan http://www.iwillteachyoutoberich.com/blog/i-cant-wait-to-see-this-movie/comment-page-1/#comment-1931 megan Tue, 18 Apr 2006 17:27:00 +0000 http://www.iwillteachyoutoberich.com/blog/i-cant-wait-to-see-this-movie#comment-1931 Too bad it's not playing anywhere except for the flim festival. There isn't a whole lot on imdb about a release date, either. Too bad it’s not playing anywhere except for the flim festival. There isn’t a whole lot on imdb about a release date, either.

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