The Democratic socialist and Republican populist have teamed up to propose price controls on credit cards. Let’s break down the argument to understand why the Senators are wrong.
The basic principle is that the state should answer to the electorate. In this instance, senators are trying to invert that principle and play at being bankers. As you show, this has never ended well.
The basic principle is that the state should answer to the electorate. In this instance, senators are trying to invert that principle and play at being bankers. As you show, this has never ended well.