perfunctory is sometimes enough

Credit : The Frontal Cortex

I’ve blogged about this before, but it’s a reminder: one of the reasons credit cards are such a popular form of debt is that they take advantage of some innate flaws in the brain. When we buy something with cash, the purchase involves an actual loss - our wallet is literally lighter. Credit cards, however, make the transaction abstract, so that we don’t really feel the downside of spending money.