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Message
re: Payday Lending
Posted on 2/17/16 at 11:10 pm to LSUAfro
Posted on 2/17/16 at 11:10 pm to LSUAfro
quote:
LSUAfro
You make a perfect economic argument. I do not disagree win any of the theory.
The problem is the information gap. These people are not intelligent enough to know what they are agreeing to. All they know is that they are getting some cash.
I actually think it would be better for the businesses not to exist and for the poor to find another way. It would save them from themselves. This is not a fiscally conservative view though.
I can talk out of both sides...I have not clearly made a stand on one side
This post was edited on 2/17/16 at 11:11 pm
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