All Commentary
Tuesday, October 27, 2009

Senator Proposes to Freeze Credit-Card Rates

“Senate Banking Committee chairman Chris Dodd, who is fighting for his political survival, proposed Monday an immediate interest rate freeze on the estimated 700 million credit cards in circulation.” (USA Today, Tuesday)

Why doesn’t he offer his own low-rate card instead?

FEE Timely Classic
“Are Credit Card Interest Rates Too High?” by Jorge Amador

  • Sheldon Richman is the former editor of The Freeman and a contributor to The Concise Encyclopedia of Economics. He is the author of Separating School and State: How to Liberate America's Families and thousands of articles.