Daniel J. Smith

Proposals for credit card rate caps are textbook-bad economics. Price ceilings will decrease the availability of credit, especially for riskier borrowers. A better interpretation is that it is a classic milker bill intended to threaten the industry with devastating rules to shake it down for donations for the 2028 cycle. The industry is an ideal target because the policy is popular (among those without an understanding of economics) and the costs, if implemented, would fall hardest on lower-income borrowers with less political weight.

We should be less concerned about immigrants destroying American culture and values and far more concerned about a president doing it.

thedailyeconomy.org/article/cultur…

Richard Ebeling on Keynes:

There’s a special irony in that those academics who are most eager for broader democratic control of the economy are often also the most resistant to more democratic accountability in higher education, a sector already heavily funded and shaped by government.

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