> There's a recent article on the payday loan industry that confirmed my hunch that the people using them aren't total imbeciles and know what they're doing. Y

> There's a recent article on the payday loan industry that confirmed my hunch that the people using them aren't total imbeciles and know what they're doing. You may be thinking of this recent article: http://libertystreeteconomics.newyorkfed.org/2015/10/reframing-the-debate-about-payday-lending.html http://libertystreeteconomics.newyorkfed.org/2015/10/reframi...