Tag: free markets

Interest Rate Caps Punish Those They Promise To Protect

The White House has recently called for a one-year cap that would limit credit-card interest rates to 10 percent. Capping interest rates is an age-old idea that always sounds good in hard times. The argument is simple. Interest rates feel painfully high, families are...

Financial Security Relies on Constitutional Stability

When headlines coming out of Washington sound like something for legal scholars or political commentators, it’s easy to assume they have nothing to do with your investments, your retirement account, or your household budget. Sometimes, that assumption is wrong. On May...

Capitalism and Its Critics

Capitalism and Its CriticsWatch this video on YouTube Is capitalism broken? Increasing numbers of Americans, particularly younger adults, seem to think so. This idea is part of the motivation for those who, as discussed in last week’s column, are turning toward...