Episode 184: Reevaluating Regulations
Words & Numbers
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The Intertwining of Government and Finance
The financial system in the United States for a long time has been intertwined with the political system. Interest rate caps are what's called usury ceilings, and they're meant to protect consumers from high prices. The unintended consequences of interest rate ceilings really ends up hurting people that they're most intended to help.
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