Credit Card Nation, Part I

A look at the impact of plastic on small businesses and how well they dance the credit-card hustle

This excerpt is taken from a chapter of the new book, Credit Card Nation: The Consequences of America's Addiction to Credit, by Robert D. Manning, outlining the story of America's present and future dependence on credit. The book extends beyond credit cards themselves, as he details the last 20 years of U.S. credit history since 1980 and the beginning of deregulation of financial services. The following is an excerpt from his chapter on how small businesses fit into the credit picture. It has been edited for length.

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