I bring you a former State Senator, Jeff Baxter, from Washington to talk with us about credit cards and economics. If you’re wondering why your new credit card has a chip in it, you’re about to find out why. Jeff is a former State Senator from Washington State. He is still active at the legislative level state wide, as well as locally.

We spend some time explaining the cycle of debt and why people are enticed to increase their debt load to their detriment.