Alexandra Ocasio-Cortez and Bernie Sanders are proposing that interest rates on credit cards be capped, as a way of helping the poor. Would such a policy have that effect? I’m joined by Todd Zywicki, a professor of law at Antonin Scalia Law School at George Mason University, and who’s an expert on consumer credit, to work through the answer. We also discuss the cronyism that keeps alternative institutions from issuing credit cards.
Book Mentioned
Consumer Credit and the American Economy
Article Mentioned
“The Economics of Credit Cards,” by Todd J. Zywicki
Guest’s Faculty Page
Antonin Scalia Law School at George Mason University
Listener Website Mentioned
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Audio Production by:
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