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His craziest column ever

June 16, 2009 | South Carolina, The State, Warren Bolton, industry, regulation | Comments (0)

Warren Bolton, the State (S.C.) newspaper columnist who–how shall we say this?–is obsessed with the payday lending industry, wrote this in a column today:

Free enterprise didn’t create payday lending; the Legislature did.

How absurd.  The legislature put up the money to open stores?  The legislature came up with the business model?  The legislature pays employees, pays rent and taxes?  Even for Warren Bolton, this is crazy.

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