Recall how financial regulators during the Obama Presidency pressured banks to cut off credit to pay-day lenders.
Mark Pearce retains his role at the FDIC proclaiming who isn't allowed to participate in the economy. Operation Chokepoint never ended and those mechanisms are currently used to debank dissidents.
Recall how financial regulators during the Obama Presidency pressured banks to cut off credit to pay-day lenders.
That actually needed to be done. Pay-day lending is government sanctioned extortion of the financially illiterate. Once you get up to 36% APR you're basically back to 1920's style protection rackets.
At a conceptual level, taxes and lotteries won't take you below zero. There are some enormous caveats to that statement of course.
But credit cards and payday loans let you hit bottom and keep digging. Credit cards are exploitative enough, but once a person gets to the point of payday loans they are literally BETTER OFF hitting bottom and being forced to file bankruptcy rather than continuing to enable bad spending.
Starvation better than pay difference
That's not even true to begin with. Women got underpaid in the soviet union constantly. What are they going to do, ask for more worthless money?
They earned 65 to 75 percent a man earned https://www.econstor.eu/bitstream/10419/173508/1/wp_899.pdf
Edit: Thanks supreme reader. I did it on my phone before I went to bed.
link without google plz
https://www.econstor.eu/bitstream/10419/173508/1/wp_899.pdf
Jesus Christ
https://www.econstor.eu/bitstream/10419/173508/1/wp_899.pdf
Equal poverty for all! ^(except the ruling class)
Mark Pearce retains his role at the FDIC proclaiming who isn't allowed to participate in the economy. Operation Chokepoint never ended and those mechanisms are currently used to debank dissidents.
what is a foreigner doing in our government?
Yes, end banking by giving ALL of it to the Jews.
Jews: Create a problem
Blame it on the solution
Say the real solution is to give them more power which makes the problem worse
Repeat until you run the world
Ah yes, banking is bad because its not massively centralized enough.
These are the clever word games they play and it will work. The average liberal will go along with it.
That actually needed to be done. Pay-day lending is government sanctioned extortion of the financially illiterate. Once you get up to 36% APR you're basically back to 1920's style protection rackets.
There's a slight difference.
At a conceptual level, taxes and lotteries won't take you below zero. There are some enormous caveats to that statement of course.
But credit cards and payday loans let you hit bottom and keep digging. Credit cards are exploitative enough, but once a person gets to the point of payday loans they are literally BETTER OFF hitting bottom and being forced to file bankruptcy rather than continuing to enable bad spending.