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Thursday, August 25, 2005


IT WAS TOO EASY. I KNEW THERE HAD TO BE A CATCH.

"People are trying to adjust to this sudden, dramatic price hike while they maintain their lifestyles. If they are putting all this on credit cards, holy cow! People who did not have a credit-card problem will suddenly have one.

The big problem with credit cards is that they do not create money, even though people seem to think they do."

Christopher Coyne, associate professor of finance at St. Joseph's University Haub School of Business, and a certified financial planner.

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