I went to an amusement park recently, and while I was there, I picked up a wallet that belonged to someone else. It had been dropped on the ground. I opened it to see if I could find a telephone number or a name card, but I struck out. What did strike me though was the number of credit card/loan cards the guy had in his wallet. There must have been eight of them, if not more. This wasn’t an old guy either. He must have been in his early thirties.

Everyday in Taiwan, we’re deluged with TV commercials highlighting the latest loan cards, credit cards, loan services for all kinds of goods. And yet! do we really need them? Do we really have to pay someone 20% or more interest rates so we can buy goods that we don’t really need, don’t really want, and don’t really know how to pay for!