Comment of the Day
May 11, 2010 | federal legislation, industry | Comments (0)On the Huffington Post web site under the Eskow story discussed below:
Prof. Zywicki says, “The overall impact of usury regulations is to force lenders and borrowers to change the terms, types, and amounts of consumer credit offered when compared to what they would agree to under a voluntary contract. Economists have almost uniformly concluded that forcing these changes in lending and borrowing behavior is harmful to consumer welfare.”
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