Tag: interest rate caps

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...

Price Controls and Other Economic Myths Pushed by Politicians

Every cat in my house will be relieved when the election is over. It annoys them when I shout back at political ads and interviews about misguided economic proposals. One of the latest of these is price caps on everything from groceries to rent and even interest...