Deep thought
April 13, 2010 | Arizona, customers, industry, regulation | Comments (1)There are obvious limits to the abilities of some editorial writers to understand economics. From the East Valley (AZ) Tribune:
…lawmakers are right to send payday lenders packing. There has to be better way, whether it be rules or market forces that put the loans more in line with traditional loan rates and terms.
There has to be a better way? That’s some answer to people who are desperate for short-term credit.
Comments»
Shouldn’t someone figure out WHAT the better way actually is, BEFORE eliminating options? Oh, it’s the OBAMA era. Let’s just make a “change” without figuring out the details, and just trust our government to work it out for the better along the way….