Issuing tax rebate checks will not only cost us billions of dollars that we don’t have, but there’s absolutely no guarantee that the money will ever actually be spent. Issuing debit cards would also cost us billions of dollars, but at least we’d know that every single one of those dollars would be put back into the economy. And debit cards also have the advantage of looking exactly like credit cards, which will reinforce the behavior that got us into this mess in the first place.
It’s win-win! Or, is it lose-lose?
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