3 ms·

The point is they’re not worse off for the existence of an option that they can choose not to exercise.

• duxup 7y ago
  They are if they choose it, and even if they don't friends and family choosing it they could be worse off... People in a debit cycle don't only impact themselves. Like I said Usury Laws exist for reasons.
  • egdod 7y ago
    Yes, paternalism is a reason. It’s just not a very good reason.
    • duxup 7y ago
      It's not paternalism, it's good economic policy to avoid letting whole groups of people fall into such situations that easily.
      • egdod 7y ago
        ... because you know better than they do what’s good for them. That’s definitional paternalism.