From the blog post:

The free market regulators tried to bring this back from the dead, but it sounds like Harrell has effectively killed it for good this time, as it should be.   Payday lending is a  legitimate service and is needed by people when they are in a financial bind.  Sure, there are people who use it inappropriately and get caught up in debt because of it, but people do that with credit cards, loans, and every other kind of borrowing.  Payday lending services are no different.  Sure the interest rates are high, but people know what they are signing up for.  Legislators need to stop demonizing these legitimate services and start promoting self responsibility.