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this is dumb

Posted on: September 19, 2024 at 08:21:35 CT
o'lineydisciple MU
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Here's how it plays out

1. Cap credit card interest rates
2. Credit card interest rates being lower, they can only offer credit now to those whose (low) risk justifies it. People with poor credit can now no longer obtain credit from credit card companies

(enter Democrats, with a government solution)
3. Big Government offers credit to those newly "disenfranchised" from credit card companies. Anyone can get credit.
4. This goes about as well as student loan repayments do. The government loses a **** ton of money loaning it to people who cannot/will not pay it back.
5. In the process of understanding they don't have to pay the government back, there's a lot of individual discretionary spending and prices (on consumer goods) go up.
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credit card companies cannot gouge - meatiger MU - 9/19 00:44:07
     that will only result in MORE CC debt.(nm) - tigerinhogtown STL - 9/19 09:57:56
     this is dumb - o'lineydisciple MU - 9/19 08:21:35
          “Enter Democrats “ - meatiger MU - 9/19 09:06:36
     Price controls are good if with Trump(nm) - raskolnikov MU - 9/19 07:54:22
          you support price controls (nm) - pickle MU - 9/19 09:16:53
          Learn the language son. - GODZILLA MU - 9/19 08:29:15
               How so?(nm) - raskolnikov MU - 9/19 08:37:23
          you clearly didn't read the responses here, rask (nm) - 90Tiger STL - 9/19 08:23:41
          Price controls are bad no matter who proposes it - Bosalphus KC - 9/19 07:58:31
               RE: Price controls are bad no matter who proposes it - meatiger MU - 9/19 08:04:12
                    you're exceptional at repeating what others have - 90Tiger STL - 9/19 08:24:10
                         RE: you're exceptional at repeating what others have - meatiger MU - 9/19 09:04:58
     Trump is pandering in a bad way - 4TigersinMichigan MU - 9/19 07:38:54
          Most of his campaign is about pandering - meatiger MU - 9/19 08:14:58
               AND KH is 100% pandering. So let's make that - Logan BAMA - 9/19 09:04:10
                    For sure - meatiger MU - 9/19 09:05:55
               "most" is probably inaccurate (nm) - 90Tiger STL - 9/19 08:24:28
                    RE: "most" is probably inaccurate (nm) - meatiger MU - 9/19 08:50:39
          yep (nm) - 90Tiger STL - 9/19 07:44:23
     RE: credit card companies cannot gouge - Fire Marshall Bill MU - 9/19 06:19:27
          correct (nm) - 90Tiger STL - 9/19 06:28:52
     RE: credit card companies cannot gouge - sarasotatiger MU - 9/19 06:00:55
          It's as silly as Kamala's price controls, and no, he does no - 90Tiger STL - 9/19 06:28:41
     I don't agree with a gvmt cap, of course. the fundamental - 90Tiger STL - 9/19 05:59:19




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