Payday Pundit » Marginal Revolution 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 The credit snobs http://paydaypundit.org/2008/03/24/the-credit-snobs/ http://paydaypundit.org/2008/03/24/the-credit-snobs/#comments Mon, 24 Mar 2008 23:16:14 +0000 Payday Pundit http://paydaypundit.org/?p=82 Alex Tabarrok, an associate professor of economics at George Mason University, has an excellent piece on Marginal Revolution “The Credit Snobs”– referring to those who believe “credit is something only the rich can handle.”  He concludes, “The democratization of credit worries the credit snobs.  The credit snobs fear that capitalism isn’t just for the rich.”

If you’ve got two minutes, read his post.  Well put Mr. Tabarrok.

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