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Encore Episode 335: When Benevolence Backfires

Words & Numbers

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The Cost of Hiring a Disabled Person

The one example that fascinates me the most in the last couple of years is this business about payday lending. You're talking roundabout let's say on a hundred dollar loan. They'll typically charge 15 bucks for a two week loan. That's 400% interest. So it gets you up into the rarefied air of the loan sharks. And legislators look at this and they say I think reasonably so. We shouldn't allow that.

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