Marcottism of the Day

She’s responsible, and she’s taking measures to fix her problem, but the article also subtly drives home the point that there’s something deeply fucked up about our usury laws that we allow something like a 30% interest rate to even exist. (The article reminded me to pay off a balance sitting on my credit card, however. Paying even a nickel in interest to these sharks crosses a deeply held moral boundary.)

That Amanda gets to borrow at 0% as long as she only does it for 6 weeks is a reason that people who borrow longer than 6 weeks pay higher interest rates seems not to occur to her.

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