Borat and Payday Loans
24 November 2006
Editor, The Washington Times
Dear Editor:
Bravo for Ryan Krueger's defense of payday loans ("Cashiering payday loans?" Nov. 24).
It's ironic that the assault on payday loans comes at a time when many pundits are criticizing Borat for being "elitist." Borat uses comic genius merely to expose some people's ignorance. In contrast, those who would ban payday loans are so drunk with elitist arrogance that they ignorantly want to use force to block poor Americans' access to an important source of short-term credit.
Sincerely,
Donald J. Boudreaux
Chairman, Department of Economics
George Mason University
Editor, The Washington Times
Dear Editor:
Bravo for Ryan Krueger's defense of payday loans ("Cashiering payday loans?" Nov. 24).
It's ironic that the assault on payday loans comes at a time when many pundits are criticizing Borat for being "elitist." Borat uses comic genius merely to expose some people's ignorance. In contrast, those who would ban payday loans are so drunk with elitist arrogance that they ignorantly want to use force to block poor Americans' access to an important source of short-term credit.
Sincerely,
Donald J. Boudreaux
Chairman, Department of Economics
George Mason University
Posted by Don Boudreaux on
Sunday July 29, 2007 at 4:15am