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Get Out of Debt Now

Get Out of Debt Now
Step one: Stop using the credit cards, cold turkey. Josep Suria/Shutterstock
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Commentary

Long ago, when I was in college, there was a long line of credit card companies outside the school bookstore handing out applications. Students would grab as many as possible. The companies knew that first-year students were likely flush with cash from mom and dad and were ready to spend. Each card would come with a $300 or $500 cap, and students would stock up. Friends of mine would carry five or more.

Jeffrey A. Tucker
Jeffrey A. Tucker
Author
Jeffrey A. Tucker is the founder and president of the Brownstone Institute and the author of many thousands of articles in the scholarly and popular press, as well as 10 books in five languages, most recently “Liberty or Lockdown.” He is also the editor of “The Best of Ludwig von Mises.” He writes a daily column on economics for The Epoch Times and speaks widely on the topics of economics, technology, social philosophy, and culture. He can be reached at [email protected]