JohnL

Five Laws That Government Should Pass

"Sure, the interest rates are set by the “market”, and the Fed only determines the discount rate, but the fact that a credit card company can dip into a near-infinite pool of taxpayer money is mind-boggingly stupid."

Interest rates are not set by the market, since one half of the market, Supply, is controlled by the government.

The fact that ANY company -- even a bank -- can dip into a near-infinite pool of taxpayer money is mind-bogglingly stupid!