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Originally, customers were told to continue paying their debt, Reuters reported, but the company confirmed Friday to USA TODAY the debt was now cancelled. "Chase made the decision to exit the Canadian credit card market. As part of that exit, all credit card accounts were closed on or before March 2018. A further business decision has been made to forgive all outstanding balances in order to complete the exit," Maria Martinez, vice president of ...Read More
Yessssss, thissssssss — hallelujah, Sweet Reason! — ‘“Congress does not have to borrow—that’s completely optional. Instead the government can let people hold cash. That way there would not be fights over the debt and debt ceiling,” Kelton said. Critics of MMT often argue that such policies could lead to hyperinflation. But Kelton does not see that as a threat in the U.S. ...Read More