In Debt to Your Credit Card

There's a great point (and quite honestly a paradigm shift for me personally) from Henry Hazlitt in his book Economics in One Lesson and it is this: to call a credit card a credit card is fundamentally deceiving, it really should be called a debt card which would then drive home the nature of it's purpose and function much more to it's owners. 

Now, I'd argue that even renaming it would lose it's influence on people's spending over time but, of course, that doesn't mean we shouldn't still do it.