Atlas Shrugged: The Mocking

Thursday, November 19, 2009

Payday

Megan McArdle defends payday loans. You don't want to know the details.

7 comments:

Ken Houghton said...

I repeat: for someone who used to call her blog "Asymmetric Information," she seems not to understand the term.

Clever Pseudonym said...

"...if you don't have a relationship with a bank, you almost certainly do not have a credit card..."

What in the hell is she writing about? I get offers for credit cards from lenders where I have no account all the time. Indeed, the only credit card I have is from a bank where it is the only "relationship" I have with them.

I can't stand it when Megan writes about the poor as if they're some species to be poked at in a laboratory and not human beings. She doesn't have the slightest clue.

Downpuppy said...

It does seem likely that most people with credit cards also have bank accounts. Most middle class people get their first bank accounts as children. Dunno if that's all Megan meant; the post was unreadable.

D'you suppose it was the topic that drew the escort guy, or is he a regular fan?

Susan of Texas said...

He's new. I'm getting mroe spam than I used to, but not enough to be annoying--yet.

blivet said...

"Escort guy?"

Susan of Texas said...

Spam, which I deleted. Hot young female escorts! Which reminds me: Fred Garvin, male prostitute.

blivet said...

Thank you.