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A Paternalistic National Way To Cash Advance ‘Debt Traps’

A Paternalistic National Way To Cash Advance ‘Debt Traps’

National paternalism consists not just of providing individuals things they didn’t pay for, but additionally in preventing folks from making decisions that, into the benevolent judgment of superintending bureaucrats, aren’t inside their most readily useful interest. Like moms and dads with young kids, federal federal government admonishes us, “No, no, this isn’t for you.”

Nowhere has government’s paternalistic concern for bad financial decision-making by low income individuals been more obvious than in terms of personal debt.