Payday Pundit » Lawrence Journal World payday lending 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 Ignorance disguised as advice http://paydaypundit.org/2008/12/18/ignorance-disguised-as-advice/ http://paydaypundit.org/2008/12/18/ignorance-disguised-as-advice/#comments Thu, 18 Dec 2008 14:21:27 +0000 Payday Pundit http://paydaypundit.org/?p=2139 The Lawrence Journal World derides the number of payday lending stores–six–in a downtown area.  However, the writer can’t fathom the economic law of supply and demand:

It amazes me that there is enough business to keep all of these companies going.

The writer should consider it good news that there are a number of stores competing with each, driving prices as low as they can go.

]]> http://paydaypundit.org/2008/12/18/ignorance-disguised-as-advice/feed/ 2