The rise of specialty catalog sales in the early 1970s—and later internet niche markets—was enabled chiefly by two developments: computer databases and, even more importantly, credit cards (Visa/MasterCard) acting as trusted intermediaries that let small specialty sellers avoid running their own credit business while assuring buyers of recourse.
causalpending
Speaker
Virginia PostrelEvidence Quote
“credit cards that act as trusted intermediaries for both parties.”
Created: 6/17/2026, 10:31:39 AM
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