There has been much discussion over the free and accessible way in which we have been able to obtain credit for cars or other luxuries. In light of the current credit crunch, many feel that the wide availability of credit has led many people into situations where they are in severe debt and find their homes and cars repossessed. However economist Tom Webb believes that credit was not provided in a careless manner, saying “They weren't making a lot of bad loans. It's just that . More »