Ohio voters just decided Tuesday what price payday lenders must set for the money they lend. As a result, the lenders are starting to close shop and the borrowers will just have to do without.
Perhaps Ohio can afford to lose payday lending jobs. Can Kentucky?
Something like the 2008 Kentucky payday lending bill will be back in 2009. By then we should have a great example of government regulating an industry out of business.
Thursday, November 6, 2008
A warning to Kentucky price-fixers
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