Despite what Fed officials, economists, and their media enablers tell you, there’s no such thing as costless credit. This is important simply because economists and pundits who should know better still claim against all logic and reason that when the Fed goes to “zero,” so do interest rates. No, that’s not true. Low prices […]
Bernie Sanders and Josh Hawley Fail Before They Begin Read More »
Every so often it’s worth reminding readers what a miracle shopping is. Would-be buyers walk into businesses staffed by employees and owners who haven’t a faint clue about them, only to emerge from those same businesses with the goods and services they desire. These transactions are increasingly made possible by credit-card providers. Stop and
Price-Controlled Credit Cards Would Be Brutal for Retailers Read More »
Credit cards are used by billions of consumers at billions of businesses precisely because buyer and seller alike gain so much from their existence. Consumers can purchase what they want when they want it, and businesses can concentrate on getting customers what they want when they want it, all while outsourcing the financial aspects
What Do the Illini Gain With IL’s Attacks on Credit Cards? Read More »
