Payday Lenders Are Friends of the Poor

07/23/2010 Mises Wire Art Carden

“I don’t think that’s very good for your blood pressure.” I was sitting on the couch feeding our newborn while my wife was bathing our two-year-old. I had flipped through the channels and had stopped on PBS, where someone was talking about how payday lenders were exploiting the poor. Liberalization: Age of Milton Friedman, also Peter Leeson’s paper. http://www.nber.org/papers/w16195.pdf

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