
Inside the Mysterious World of Credit Cards (with Patrick McKenzie)
EconTalk
00:00
Understanding Credit Card Economics
This chapter explores the intricate dynamics of credit card usage, including interchange fees and the impact of late payments and interest rates on consumers. It highlights the historical context of usury regulations and their implications for credit access among various socioeconomic groups. The discussion sheds light on the complexities of financial terminology, credit eligibility, and how credit card companies navigate market forces to attract affluent customers.
Transcript
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