4 ms·
American consumers have been taught the incorrect cost-plus concept of price formation under which significant increases are tantamount to the imaginary crime o
by gbacon 5y ago
American consumers have been taught the incorrect cost-plus concept of price formation under which significant increases are tantamount to the imaginary crime of "price gouging."
- adrianN 5y agoUsury is a crime where I live.
- Lammy 5y agoFun fact: South Dakota gave lenders exemption from usury laws in 1980, leading to the modern credit card industry as we all know it: https://sdlegislature.gov/Statutes/Codified_Laws/2072176 https://sdlegislature.gov/Statutes/Codified_Laws/2072176 https://www.argusleader.com/story/stu-whitney/2015/04/04/whitney-real-story-behind-citibank/25296111/ https://www.argusleader.com/story/stu-whitney/2015/04/04/whi...