Why Trump’s 10% Interest Rate Cap Actually Makes Sense (Even If Economists Hate It)

For decades, Americans were told that access to credit was “empowerment.” Swipe now, pay later. Borrow your way into the middle class. The result wasn’t prosperity, it was an economy where everything got more expensive and everyone got more trapped. Donald Trump is blowing up that model. He’s proposing 10% cap on credit-card interest. And […]

--

For decades, Americans were told that access to credit was “empowerment.” Swipe now, pay later. Borrow your way into the middle class. The result wasn’t prosperity, it was an economy where everything got more expensive and everyone got more trapped. Donald Trump is blowing up that model. He’s proposing 10% cap on credit-card interest. And …