โข
Capping interest rates on credit cards will just discourage issuers from taking a risk on lower-income borrowers.
โข
The unfortunate reality is that someone must pay for the profligacy of decades of spendthrift politicians in Washington, DC. But the question of who must pay is an important one.
โข
Interests rates reflect the risk of lending. Under price controls, card companies will reduce credit limits and lend to fewer borrowers.
โข
“Technological innovations and falling trade barriers make many people more productive… We use this new wealth to create opportunities in high-skill, medium-skill, and low-skill occupations.” ~Art Carden
โข
“Higher corporate tax rates will bring about exactly what people like Senator Hawley fear: the control of the market in the hands of a few key players by means of force.” ~Thomas Savidge
“Tax revenues are harvested from private citizens by means of coercion and extractive measures… Paying taxes to remain free of incarceration or not face withering financial penalties is hardly indicative of cooperative exchange.โฏ” ~Tom Savidge and Peter C. Earle
โข
“The ‘anti-racist’ writing notions abounding today disempower black students…and actually get in the way of constructive actions. Obsessing over ‘white privilege’ doesnโt help black students succeed.” ~George Leef
โข
“Much has improved in race relations since Martin Luther King. But the same cannot be said of the laws governing labor markets.” ~Scott Drylie
โข
“We might agree that ‘equal chances for all’ would be desirable. But that in no way guarantees that we have either the knowledge or the power required to make that goal attainable.” ~Gary M. Galles
โข
“Whenever someone claims an altruistic reason to support a policy, but it clearly advances their narrow self-interest, the latter effect can explain such support, regardless of whether it helps or even hurts the supposed beneficiaries.” ~ Gary M. Galles
โข
Capping interest rates on credit cards will just discourage issuers from taking a risk on lower-income borrowers.
โข
The unfortunate reality is that someone must pay for the profligacy of decades of spendthrift politicians in Washington, DC. But the question of who must pay is an important one.
โข
Interests rates reflect the risk of lending. Under price controls, card companies will reduce credit limits and lend to fewer borrowers.
โข
“Technological innovations and falling trade barriers make many people more productive… We use this new wealth to create opportunities in high-skill, medium-skill, and low-skill occupations.” ~Art Carden
โข
“Higher corporate tax rates will bring about exactly what people like Senator Hawley fear: the control of the market in the hands of a few key players by means of force.” ~Thomas Savidge
“Tax revenues are harvested from private citizens by means of coercion and extractive measures… Paying taxes to remain free of incarceration or not face withering financial penalties is hardly indicative of cooperative exchange.โฏ” ~Tom Savidge and Peter C. Earle
โข
“The ‘anti-racist’ writing notions abounding today disempower black students…and actually get in the way of constructive actions. Obsessing over ‘white privilege’ doesnโt help black students succeed.” ~George Leef
โข
“Much has improved in race relations since Martin Luther King. But the same cannot be said of the laws governing labor markets.” ~Scott Drylie
โข
“We might agree that ‘equal chances for all’ would be desirable. But that in no way guarantees that we have either the knowledge or the power required to make that goal attainable.” ~Gary M. Galles
โข
“Whenever someone claims an altruistic reason to support a policy, but it clearly advances their narrow self-interest, the latter effect can explain such support, regardless of whether it helps or even hurts the supposed beneficiaries.” ~ Gary M. Galles
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