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Libertarian Morality

Credit card reform legislation was passed.  I applaud it.  Todd Zywicki is upset.  Why?  He's upset because the poor and igorant will no longer subsidize our credit cards.  Yes, really.  The smart and well-to-do have been taking advantage of the poor and ignorant.People who, like me, don't carry a monthly balance pay a low-or-no annual fee.  We earn rewards and SkyMiles simply for using our credit cards.  We then use our SkyMiles to take fabulous vacations.  We were able to do this because credit card companies tricked and manipulated the poor and ignorant.  We are stepping into the VIP room on the backs of the poor and stupid.Insert libertarian nonsense claiming I'm wrong.Look, it is nonsense.  If you don't believe me, I'm not going to argue with you...continue to full post

Full post as published by Crime & Federalism on August 22, 2009 (boomark / email).