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The week's question
In December 2024, in the thread "Re: BRK: Why Not XOM?", BreckHutHigh asked the members: "What about the long road trips with kids?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
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Halls of Shrewd'm / US Policy
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Author: marco100   😊 😞
Number: of 84362 
Subject: Re: 10% credit card rates
Date: 01/12/26 10:04 PM
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No. of Recommendations: 2
Limiting credit card interest rates to 10%, assuming there's any legal way of doing that in the first place, will simply result in people with low credit scores being unable to obtain credit at all.

Price controls = shortages.

As a matter of fact, since the typical credit card interest rate for even people with good credit is usually no less than 18%, no one will be able to have a credit card.

It's a silly idea.
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This community has written 84,309 posts about US Policy. The article-length ones it recommended most:
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