Payday Pundit » Statesman Journal (OR) http://paydaypundit.org News and Information About The Payday Lending Industry Mon, 21 Jun 2010 21:00:48 +0000 http://wordpress.org/?v=2.9 en hourly 1 Wisdom on payday lending from Oregon’s Cascade Institute http://paydaypundit.org/2008/05/08/wisdom-on-payday-lending-from-oregons-cascade-institute/ http://paydaypundit.org/2008/05/08/wisdom-on-payday-lending-from-oregons-cascade-institute/#comments Thu, 08 May 2008 12:37:34 +0000 Payday Pundit http://paydaypundit.org/?p=298 This piece in Oregon’s Stateman Journal on poverty is a must read.  Author Bina Patel examines the issue of wealth creation and the relationship between government policy and poverty. Money quote: 

Closing payday lending businesses, intended to protect the poor from entrapment in cycles of debt, eliminates their last possible form of available credit, leaving many struggling to handle unexpected crises.

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