Well put!  In addition to that... as we've moved from paper money to digital, all those transactions have started flowing through private financial institutions giving them all a % of the cut each time money exchanges hands.  If we keep going down this path, ALL of our money will be controlled by financial institutions that profit at every turn.  This is why cryptocurrencies are so important in my opinion.  We're at a cross roads where we can do one of three things;

a) go back to using cash for all transactions (not likely)
b) keep going down the path of credit cards based on fiat that make private institutions very rich and allow them to ultimately decide how we spend our money
c) embrace crytpocurrencies that keep the power of choice in the people's hands.

I personally like a & c