Predatory Journalism

The New York Times is again on the warpath against what it calls “predatory lending.”Just what is predatory lending? It is lending that charges a higher interest rate than people like those at the New York Times approve of. According to such thinking — or lack of thinking — the answer is to have the government set an interest-rate ceiling at a level that will be acceptable to third parties like the New York Times.#ad#People who believe in government-set price controls — whether on interest rates charged for loans, rents charged for housing, or wages paid under minimum-wage laws —
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